The first bank established in India was _____.

Indian Overseas Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Punjab National Bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

State Bank of India

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Bank of Hindustan

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is A Bank of Hindustan

The origin of western type commercial Banking in India dates back to the 18th century. The story of banking starts from Bank of Hindustan established in 1770 and it was first bank at Calcutta under European management. It was liquidated in 1830-32.

Suggest Corrections

Similar questions

The Reserve Bank of India, the central bank of India, was established on 1^st April.

Join BYJU'S Learning Program