GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the first Indian bank started solely with Indian capital investment?
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Canara Bank
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State Bank of India
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Punjab National Bank
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Central Bank of India
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Explanation:
Detailed explanation-1: -PNB is the first Indian bank to have been started solely with Indian capital that survives to the present earlier Oudh Commercial Bank was established in 1881, but failed in 1958.
Detailed explanation-2: -Punjab National Bank acquired New Bank of India in 1993. Thereafter, no other nationalized bank in India has been merged into another bank.
Detailed explanation-3: -The first bank of India is Bank of Hindustan which was established in the year 1770.
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