GK
HIGHEST LONGEST BIGGEST LARGEST DEEPEST SMALLEST IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the first indigenous bank in India?
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New Bank of India
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State Bank of India
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Punjab National Bank
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Imperial Bank of India
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Explanation:
Detailed explanation-1: -PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present.
Detailed explanation-2: -Despite this, however, the first indigenous bank to be established in Nigeria, the Industrial and Commercial Bank Limited, which was established in 1929 became the first Nigerian international bank.
Detailed explanation-3: -The bank opened for business on 12 April 1895 in Lahore. 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.
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