GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which year “Allahabad Bank” was formed?
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1855
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1865
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1875
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1885
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta.
Detailed explanation-3: -The correct answer is Kolkata. Allahabad Bank is a nationalized bank, founded in Allahabad in 1865 with its headquarters in Kolkata, West Bengal, India.
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