Allahabad Bank was established in
A1878
B1857
C1865
D1882
Answer:
C. 1865
Read Explanation:
- In 1865 Allahabad Bank was established (first joint stock bank in India) ( merged with Indian Bank in 2021)
- Alliance bank was established in 1875
- First purely commercial bank was formed in 1881 at Faizabad - Oudh commercial bank,(1881-1958)
- First Bank of India with Limited Liability to be managed by Indian Board. -1881
- It is also known as First Indian managed joint stock bank with limited liability-Oudh commercial bank
- First commercial bank which was wholly owned and managed by Indians-central Bank of India (1911)
- So it is purely swadeshi Bank-Central Bank of India.