BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in
A
Mumbai
B
Kolkata
C
Chennai
D
New Delhi
Explanation: 

Detailed explanation-1: -Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 39, 734 employees, 5, 721 branches with 5, 428 ATMs and Cash deposit machines.

Detailed explanation-2: -In the year 1907, the Indian Bank Ltd. had the tree ‘Banyan’ as a part of its emblem denoting an all around progress, growth (far and wide) and an ever increasing prosperity. Bank’s capital was raised to Rs 60 lakhs from Rs 20 lakhs.

Detailed explanation-3: -The oldest commercial bank in India, SBI originated in 1806 as the Bank of Calcutta.

Detailed explanation-4: -The East India Company established Bank of Bengal (1809), Bank of Bombay (1840), and Bank of Madras (1843) as independent units and called them Presidency banks. These three banks were amalgamated in 1920 and the Imperial Bank of India, a bank of private shareholders, mostly Europeans, was established.

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