GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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19th May 1894
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19th May 1896
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19th May 1898
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19th May 1901
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Detailed explanation-1: -Punjab National Bank (abbreviated as PNB) is an Indian public sector bank based in New Delhi. The bank was founded in May 1894 and is the third largest public sector bank in India in terms of its business volumes and second largest in terms of its network.
Detailed explanation-2: -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: -Punjab National Bank (PNB), India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorized capital of Rs. 2 Lakh and working capital of Rs. 20, 000. The Bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian Capital.