BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Punjab National Bank
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Oudh Commncial Bank
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Allahabad Bank
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Imperial Bank of India
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Detailed explanation-1: -Oudh Commercial Bank was established in 1881 in Faizabad. It was the first commercial bank of limited liability. This bank was entirely managed by Indian Board of Directors.
Detailed explanation-2: -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-3: -The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta.
Detailed explanation-4: -The oldest commercial bank in India, SBI originated in 1806 as the Bank of Calcutta. Three years later the bank was issued a royal charter and renamed the Bank of Bengal.
Detailed explanation-5: -Which was the first bank to be wholly owned and run by Indians? Notes: First Indian commercial bank which was wholly owned and managed by Indians was Central Bank of India which was established in 1911.