Imperial Bank of India

Imperial Bank of India
Company typePrivate (80%)
IndustryBanking, financial services
Predecessor
Founded27 January 1921; 103 years ago (1921-01-27)
FounderJohn Maynard Keynes
Defunct1 July 1955; 69 years ago (1955-07-01)
FateNationalization into State Bank of India in 1955
SuccessorState Bank of India
Headquarters,
Area served
India

The Imperial Bank of India (IBI) was one of the oldest and the largest commercial banks in India, and was subsequently renamed and nationalised as the State Bank of India in 1955. Initially, as per its royal charter, it acted as the central bank for India prior to the formation of the Reserve Bank of India (RBI) in 1935.