BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State bank of India
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Central Bank of India
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Punjab National Bank
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Bank of India
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Detailed explanation-1: -PNB is the first Indian bank to have been started solely with Indian capital that survives to the present earlier Oudh Commercial Bank was established in 1881, but failed in 1958. Mahatma Gandhi, Jawaharlal Nehru, Lal Bahadur Shastri, Indira Gandhi and the Jalianwala Bagh Committee have held PNB accounts.
Detailed explanation-2: -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.
Detailed explanation-3: -355 crores mark by the July 1969. Its number of offices had increased to 569 and advances from Rs. 19 crores in 1949 to Rs. 243 crores by July 1969 when it was nationalised.
Detailed explanation-4: -Lala Lajpat Rai, the great freedom fighter of Punjab was actively associated with the administration of the bank in the early years. He was the first to open an account with the PNB in its first office opposite Arya Samaj Mandir in Anarkali in Lahore. Lalaji’s younger brother joined the bank as a manager.