Question

What was the first modern bank in India?

• A. Bank of Bengal
• B. Bank of Bombay
• C. Bank of Madras
• D. Bank of Hindustan

Answer 1

Answer:

D. Bank of Hindustan

Banks

• Banks operate on the basis of general rules and regulations framed by the Reserve Bank of India.

• First modern bank in India- Bank of Hindustan (1770)

Related Facts

• The first women's bank in India was started in Mumbai

• The first Indian Governor of RBI was C.D. Deshmukh

• The Imperial Bank of India was renamed as State Bank of India in 1955

• Reserve Bank of India is called the bank of banks in India