AGARTALA, July 1 (TIWN): State Bank Day has been observed in Tripura in the presence of Minister Badal Chowdhury.

This is the 61st foundation of State Bank, which has been celebrated at Agartala Press Club.

Addressing the press meet, Bankers said the customers’ sustained support made the SBI the greatest bank ever and exhorted them to extend continued patronage to the bank. The bank aimed at 30 per cent growth in advances and 25 per cent increase in deposits in the region during this fiscal, he added.

It’s worthy to mention here that the bank has its roots in the Bank of Calcutta formed in 1806, which subsequently became the Imperial Bank of India with merger of Bank of Madras and Bank of Bombay. It was nationalized in 1955.