BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which was the first bank corporated by the Indians?
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Imperial Bank of India
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State Bank of India
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Oadh Commercial Bank
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Reserve Bank of India
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Explanation:
Detailed explanation-1: -The oldest commercial bank in India, SBI originated in 1806 as the Bank of Calcutta. Three years later the bank was issued a royal charter and renamed the Bank of Bengal.
Detailed explanation-2: -The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770.
Detailed explanation-3: -Which was the first bank to be wholly owned and run by Indians? Notes: First Indian commercial bank which was wholly owned and managed by Indians was Central Bank of India which was established in 1911.
Detailed explanation-4: -Detailed Solution. The correct answer is Oudh Bank.
There is 1 question to complete.