Question

Which of the following describes a unique historical feature of Punjab National Bank?

• A. It was the first foreign bank to operate in India.
• B. It was the first Indian bank to start with fully Indian capital.
• C. It was the first bank to implement online banking in India.
• D. It was the first bank to be nationalized in India.

Answer 1

Answer:

B. It was the first Indian bank to start with fully Indian capital.

Punjab National Bank

• First Indian bank to start with fully Indian capital.

• Founder- Lala Lajpat Rai

• Year of Establishment – ​​1895

• Headquarters- New Delhi

• 2nd largest PSU in India

• The first bank in India to implement self-separation scheme.

• Punjab National Bank launched a new scheme for fixed deposits- Maha Bachat Scheme

• Punjab National Bank launched 'Micro Finance Branch- New Delhi