GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which was the second bank in India with limited liability?
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New Bank of India
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State Bank of India
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Imperial Bank of India
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Punjab National Bank
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Explanation:
Detailed explanation-1: -PNB-Second Bank in India with Limited Liability.
Detailed explanation-2: -Punjab National Bank The bank was established in 1894. PNB bank is merged with OBC Bank and United Bank. The new bank will become the second-largest Public Sector Bank of India with 18 Lakh crore rupees and the second largest in terms of branch network across the country.
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.
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