In which year SBI was given control of 8 state associated banks under the State Bank of India Subsid...........

In which year, SBI was given control of 8 state associated banks under the State Bank of India (Subsidiary Banks) Act, 1959:

1965

1975

1960

1959

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Explanation:

In 1959, the government passed the State Bank of India (Subsidiary Banks) Act. This made SBI subsidiaries of eight that had belonged to princely states prior to their nationalization and operational takeover between September 1959 and October 1960, which made eight state banks associates of SBI. The government integrated these banks into the State Bank of India system to expand its rural outreach.