GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The first bank purely managed by Indian was Punjab National Bank. PNB was established in Lahore in____
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1895
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1905
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1915
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1925
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -Lala Harkrishan Lal who had returned from England with ideas regarding commerce and industry, was eager to give them practical shape. ‘PNB was born on May 19, 1894.
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