1 July 1955, the Imperial Bank of India became the State Bank of India. In 2008, the Governmentof India acquired the Reserve Bank of India’s stake in SBI so as to remove any conflict of interest because the RBI is the country’s banking regulatory authority.Company acquired: State Bank of Bikaner & Jaipur, State Bank of Saurashtra, State …Subsidiary: State Bank of Bikaner & Jaipur, Yes BankParent: Government of IndiaGeographic scope: Maharashtra, India