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

💥Join UPSC 2027,2028 Mentorship (July Batch) + XFactor Notes & Microthemes PDF

Talk to Mentor

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

(a)

Hindustan Commercial Bank

(b)

Oudh Commercial Bank

(c)

Punjab National Bank

(d)

Punjab and Sind Bank

Correct Answer

(b)

Explanation

The Oudh Commercial Bank was founded in 1881. Hence, (b) is correct.