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Discussion :: Indian Economy - Indian Economy (Q.No.24)


The first wholly Indian Bank was set up in

[A]. 1794
[B]. 1894
[C]. 1896
[D]. 1902

Answer: Option B


No answer description available for this question.

Jithin said: (Sep 17, 2010)  
The bank is Punjab National Bank.

Amit said: (Feb 5, 2011)  
Punjab National Bank

Punnu said: (Jun 15, 2011)  
But the oldest bank is allahabad bank that is 150 years old.

Amit Gautam said: (Jun 27, 2011)  
The bank is Punjab national bank this is first nationalize bank and wholly government bank.

Amol P Vaidya said: (Jul 21, 2011)  
Yes PNB is 1st Indian bank started with the founder President Lala Lajapatrai.

R K Sodhi said: (Jul 26, 2011)  
Allahabad bank is the oldest bank.

Kanchan said: (Aug 28, 2011)  
It ws named punjab national bank because it was founded by PUNJAB KESHRI (Lala Lajpat Lai).

Yugal said: (Oct 21, 2011)  
PNB started by LLR in 1894,

Abhijeet Kumar said: (Dec 19, 2011)  
First Indian bank is presidency bank of India after its become SBI.

Anindita said: (May 14, 2012)  
Allahabad Bank is the oldest joint stock bank in India.

Ajit Tiwari said: (Jun 9, 2012)  
SBI was started in the year 1806 with the name bank of calcutta so here the confusion arises but sbi was mainy formed to take care of the money flow of east India company.

Dheeraj Thakur said: (Jan 12, 2013)  
SBI is the oldest bank. It celebrated its 200th foundation year recently.

Harsha said: (Feb 6, 2013)  
Name of SBI was earlier Imperial bank which was later on converted into State Bank of India.

Sayani said: (Oct 24, 2013)  
Presidency bank is the first bank to be set up in India but maybe it was not the fully Indian bank and hence PNB is more probable.

Bhagyashree said: (Nov 6, 2013)  
First purely Indian bank was Punjab National bank Later Imperial bank (1921) by amalgamating the Presidency banks named as Bank of Calcutta (1806) , Bank of Bombay (1840) , Bank of Madras (1843).

Biswa said: (Nov 16, 2013)  
First Bank in India (presidency bank) - Bank of Hindustan (1770) ,

First Bank with limited liability managed by an Indian board-Oudh commercial Bank (1881) ,

First wholly Indian bank- Punjab National bank (1894).

Priya said: (Dec 11, 2013)  
I think first wholly Indian bank is PNB in 1894.

Nagesh Jaitak said: (Mar 10, 2014)  
The First Bank was "Bank of Hindustan" established in 1770 at Kolkata under European Management. Other Bank set up were "Bank of Bengal" (1806) , "Bank of Bombay" (1840), and "Bank of Madras" (1843), These were called Presidency Banks. First bank with limited liability managed by an Indian board was Qudh Commercial Bank founded in 1881.

The first purely Indian Bank was "Punjab National Bank Ltd." (1894).

Vishal said: (May 10, 2014)  
The first bank purely managed by Indian was Punjab National Bank, established in Lahore in 1895.

The oldest Public Sector Bank in India having branches all over India and serving the customers for the last 145 years is Allahabad Bank. Allahabad bank is also known as one of India's Oldest Joint Stock Bank.

Arun said: (Oct 30, 2014)  
India first bank is Bank of Hindustan in 1770. After that PNB in 1894, Purely Indian bank.

Revathy said: (Dec 25, 2014)  
PNB 1894 till now working.

Vishal Singh said: (May 1, 2015)  
PNB is best answer 1884.

Jenish said: (Feb 23, 2016)  
India's first bank is established on 1770.

Kumud said: (Apr 17, 2016)  
Allahabad bank is the 1st wholly old Indian bank.

Nilesh said: (Jul 16, 2016)  
The first bank in India is Hindustan bank of India in 1894, Calcutta which earlier name of state bank of India.

Sunil Prusty said: (Sep 6, 2016)  
PNB is the first wholly Indian bank.

Vikas P said: (Jul 31, 2017)  
The first Indian Wholly bank is Oudh Bank (1881) but the present working wholly Indian bank is Punjab National Bank (1894).

Raam said: (Dec 16, 2017)  
Oudh bank 1884 is the right answer.

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