BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. Where is the head office of Allahabad Bank?

A	Bengaluru
B	Mumbai
C	New Delhi
D	Kolkata

Explanation:

Detailed explanation-1: -Detailed Solution The correct answer is Kolkata. Allahabad Bank is a nationalized bank, founded in Allahabad in 1865 with its headquarters in Kolkata, West Bengal, India.

Detailed explanation-2: -The first bank of a joint stock variety was Bank of Bombay, established in 1720 in Bombay4 . This was followed by Bank of Hindustan in Calcutta, which was established in 1770 by an agency house.

Detailed explanation-3: -The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India.

There is 1 question to complete.