GENERAL KNOWLEDGE

Detailed explanation-1: -The Burton Union Bank was established in 1839 as the Burton, Uttoxeter & Staffordshire Union Bank. It was the result of a merger of two local private banks: Henry Clay & Co., set up in 1790, and Blurton, Webb & Peel, founded in 1806.

Detailed explanation-2: -Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank.

Detailed explanation-3: -Following the path of Bank of Hindustan, various other banks were established in India. They were: The General Bank of India (1786-1791) Oudh Commercial Bank (1881-1958)