GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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16th Sept 1935
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16th Sept 1937
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16th Sept 1939
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16th Sept 1941
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Detailed explanation-1: -The Bank was formally registered under the Indian Companies Act, on the auspicious day of 16 September 1935. The first Board of Directors of The Bank of Maharashtra Ltd was constituted with following members. Prof.V G Kale, an ex-member of Indian Tariff Board and a reputed economist and educationist of old generation.
Detailed explanation-2: -Bank of Maharashtra was incorporated on September 16 1935 and started their business on February 8 1936.
Detailed explanation-3: -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-4: -The full form of BOM is the Bank of Maharashtra.