Question

Which was the first bank of our country.

Answer 1

Answer:

1.First Presidency Bank of India – Bank of Calcutta established in 1806 and immediately became Bank of Bengal

2.The first bank of India with limited liability to be managed by Indian board was Oudh Commercial Bank. It was established in 1881.

3.The first bank purely managed by Indian was Punjab National Bank. PNB was established in Lahore in 1895.

4.First Indian Commercial Bank wholly managed and owned by Indian was – Central Bank of India, established in 1911.

Answer 2

Answer:

Modern banking in India originated in the last decade of the 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791.