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Consider the following statements:
1. The Government of India, with the enactment of the SBI Act, 1955 Partially nationalized the three imperial Banks (mainly operating in the three Presidencies of past with their 466 branches) and named them the State Bank of India – the first public sector bank emerged in India
2. 14 banks with deposit more than Rs.50 crore nationalized in July 1969
3. 6 banks with deposits more than Rs.200 crore nationalized in April 1980
4. The Regional Rural Banks (RRBs) were first set up on October 2, 1975 (only 5 in numbers) with the aim to take banking services to the doorsteaps of the rural masses specially in the remote areas with no access to banking services
1 and 2
2 and 3
3 and 4
1, 2, 3 and 4
All the statements are correct.
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