General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 24)
24.
The first wholly Indian Bank was set up in
Discussion:
29 comments Page 2 of 3.
Arun said:
1 decade ago
India first bank is Bank of Hindustan in 1770. After that PNB in 1894, Purely Indian bank.
Vishal said:
1 decade ago
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.
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.
Nagesh Jaitak said:
1 decade ago
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).
The first purely Indian Bank was "Punjab National Bank Ltd." (1894).
Priya said:
1 decade ago
I think first wholly Indian bank is PNB in 1894.
Biswa said:
1 decade ago
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).
First Bank with limited liability managed by an Indian board-Oudh commercial Bank (1881) ,
First wholly Indian bank- Punjab National bank (1894).
Jithin said:
1 decade ago
The bank is Punjab National Bank.
SAYANI said:
1 decade ago
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.
Harsha said:
1 decade ago
Name of SBI was earlier Imperial bank which was later on converted into State Bank of India.
Dheeraj thakur said:
1 decade ago
SBI is the oldest bank. It celebrated its 200th foundation year recently.
Ajit tiwari said:
1 decade ago
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.
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers