GENERAL KNOWLEDGE

Detailed explanation-1: -Bank was incorporated on March 5, 1907 with an Authorized Capital of Rs 20 lakhs and commenced its business on August 15, 1907.

Detailed explanation-2: -The first wholly Indian Bank was set up in 1894. Which is known as PNB, PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present.

Detailed explanation-3: -Krishnaswamy Iyer who founded the Indian bank which was an offshoot of nationalistic fervour and the Swadeshi movement, when the then British Arbuthnot Bank collapsed and the Indian Bank emerged.Mr V.