First indigenous bank established in 1894 was__________.

Central Bank of India

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Punjab National Bank

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Reserve Bank of India

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Imperial Bank of India

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Solution

The correct option is B Punjab National Bank
Punjab National Bank was registered on 19 May 1894 under the Indian Companies Act in Lahore, in present-day Pakistan. The bank opened for business on 12 April 1895 in Lahore.

PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present.

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