Consider the following statements:begin{enumerate}item Allahabad Bank was the first bank to be established exclusively by Indians.item Seven banks forming subsidiary of State Bank of India was nationalized in 1960.item SBI was formed in 1949.end{enumerate} Which of the statements given above is/are correct?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Consider the following statements:

A	Only 1
B	Only 2
C	Both 1 and 2
D	Both 2 and 3

Explanation:

Detailed explanation-1: -Oudh Commercial Bank or Awadh Commercial Bank was an Indian bank established in 1881 in Faizabad and operated until 1958 when it failed. It was the first commercial bank in India having limited liability and an entirely Indian board of directors.

Detailed explanation-2: -Allahabad Bank was an Indian nationalised bank with its headquarters in Kolkata, India. Founded in Allahabad in 1865 and nationalized by the government of India in 1969, the bank provided banking and financial services for 155 years until it was merged with Indian Bank in 2020.

Detailed explanation-3: -The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta.

There is 1 question to complete.