Correct Option: C

1^st July is celebrated as the establishment date of State Bank of India. On 1 July 1995, the Imperial Bank of India became the the State Bank of India. SBI is a multinational banking and financial services company based in India. It is a government-owned corporation with its headquarters in Mumbai. It has assets of US$388 billion and 16,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.