GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which year “Corporation Bank” was formed?
A
3 January 1906
B
12 March 1906
C
19 July 1906
D
23 August 1906
Explanation: 

Detailed explanation-1: -Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur, better known as Haji Abdullah was the founder president of Corporation Bank which was one of the major banks in India. Corporation Bank was founded on 12 March 1906 in Udupi, with ₹5, 000 capital.

Detailed explanation-2: -Corporation Bank was founded on 12 March 1906 in Udupi, with ₹5, 000 capital, Haji Abdulla Haji Khasim Saheb Bahadur as founding president, and guided by the principles of the Swadeshi movement of Bal Gangadhar Tilak.

Detailed explanation-3: -What is Corporation Bank’s new name? Headquartered in Mangalore, Corporation Bank was an independent PSU banking company with a pan-Indian presence. In 2022, it was merged with the Union Bank of India along with Andhra Bank. After the merger, Corporation Bank became known as Union Bank.

Detailed explanation-4: -Against this background, it is interesting to go back and highlight the life and role of the Founder – Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur (Haji Abdullah).

There is 1 question to complete.