BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1880
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1887
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1894
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1900
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Detailed explanation-1: -Punjab National Bank (PNB), India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorized capital of Rs. 2 Lakh and working capital of Rs. 20, 000.
Detailed explanation-2: -Unsourced material may be challenged and removed. Punjab National Bank (abbreviated as PNB) is an Indian public sector bank based in New Delhi. The bank was founded in May 1894 and is the third largest public sector bank in India, both in terms of its business volumes and its network.
Detailed explanation-3: -The correct answer is 1894. Punjab National Bank was founded in 1894. Its first branch came up in Lahore, today’s Pakistan, but after partition in 1947, the branch was shifted to India. It is the first Indian bank to have been started solely with Indian capital that has survived to the present.
Detailed explanation-4: -PNB was founded on May 19, 1894 in Lahore. 1895 : PNB opened for business on 12 April, 1895 at Ganpatrai Road in Lahore.