GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The first bank managed by Indians was?
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Oudh Bank
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Punab National Bank
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Oriental Bank of Commerce
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State Bank of India
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Explanation:
Detailed explanation-1: -Oudh Commercial Bank or Awadh Commercial Bank was an Indian bank established in 1881 in Faizabad and operated until 1958 when it failed. It was the first commercial bank in India having limited liability and an entirely Indian board of directors.
Detailed explanation-2: -Punjab National Bank is the first bank purely managed by Indians, which was established in Lahore in 1895. 5. First Truly Swadeshi Bank – Central Bank of India is called India’s First Truly Swadeshi bank, which was established in 1911 and wholly-owned and managed by Indians.
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