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 to be wholly owned and run by Indians?
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Allahabad Bank
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Bank of Baroda
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Bank of India
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Central Bank of India
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Explanation:
Detailed explanation-1: -Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians.
Detailed explanation-2: -The first bank fully managed by Indians was Punjab National Bank, established in 1895 in Lahore.
Detailed explanation-3: -The Reserve Bank of India is the central bank of the country.
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