BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The first wholly Indian Bank was set-up in
A
1794
B
1894
C
1896
D
1902
Explanation: 

Detailed explanation-1: -The first bank in India is the Hindustan bank of India in 1894, Calcutta which was the earlier name of the state bank of India.

Detailed explanation-2: -The first wholly Indian Bank was set up in 1894.

Detailed explanation-3: -The first bank purely managed bu Indian was Punjab National Bank, established in Lahore in 1895. The Punjab National Bank has not only survived till date but also one of the largest banks in India.

Detailed explanation-4: -Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank.

Detailed explanation-5: -The oldest commercial bank in India, SBI originated in 1806 as the Bank of Calcutta.

There is 1 question to complete.