GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of Baroda
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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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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. Mahatma Gandhi, Jawaharlal Nehru, Lal Bahadur Shastri, Indira Gandhi and the Jalianwala Bagh Committee have held PNB accounts.
Detailed explanation-2: -Detailed Solution. Oriental Bank of Commerce is an India-based bank established in Lahore (then the city of United India, and currently in Pakistan) on 19 February 1943, is one of the public sector banks in India. It was the first Public Sector Bank to issue capital to Public.
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.
Detailed explanation-4: -State Bank of India (SBI) is the oldest bank in India. State Bank of India is also the largest bank in India. SBI was established as Bank of Calcutta in 1806.