In 1921 the Presidency Banks of Bengal Madras and Bombay were nationalised to give birth to ........

Indian Economy (Easy) Money and banking

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In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalised to give birth to:

Punjab NationalBank

SyndicateBank

State Bank ofIndia

Punjab and SindhBank

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Explanation:

The State Bank of India (SBI Bank) was established in 1806, in Kolkata. Three years after that, it acquired its charter and was re-designed as Bank of Bengal in 1809. It was the very first joint-stock bank of India, which the Bengal Government-sponsored. Apart from the Bank of Bengal, the Bank of Madras and the Bank of Bombay was also part of this joint-stock and remained at the center of modern banking.