BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of Baroda
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Bank of India
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Punjab National Bank
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Central Bank of India
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Detailed explanation-1: -The first bank purely managed bu Indian was Punjab National Bank, established in Lahore in 1895.
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: -Detailed Solution. The correct answer is Punjab National Bank.
Detailed explanation-4: -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. The Bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian Capital.