General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.52)

52. 

In India, the first bank of limited liability manages by Indians and founded in 1881 was

[A]. Hindustan Commercial Bank
[B]. Oudh Commercial Bank
[C]. Punjab National Bank
[D]. Punjab and Sind Bank

Answer: Option B

Explanation:

No answer description available for this question.

Mrinal said: (Oct 1, 2011)  
First bank in India is Hindustan bank in 1770 at culcatta by Alexzander company and first completly Indian bank is Punjab national bank 1894. (source. - civil services Chronical).

Tazmeen Khan said: (Jun 4, 2012)  
The first entirely Indian joint stock bank was the Oudh Commercial Bank, established in 1881 in Faizabad. It failed in 1958. The next was the Punjab National Bank, established in Lahore in 1895, which has survived to the present and is now one of the largest banks in India.

Chitra said: (Mar 29, 2014)  
The first bank was Hindustan bank, followed by punjab national bank which is right now a big banking company.

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