Question

The first Indian bank was _________.

• A. Traders Bank
• B. Imperial Bank
• C. Presidency Bank of Calcutta
• D. none of the above

Answer 1

Answer: (C)

Presidency Bank of Calcutta

The Presidency Bank of Calcutta was founded on $2^{nd}$ June 1806. It was the first bank of India and was renamed Bank of Bengal on $2^{nd}$ January 1809. The main purpose behind foundation was to fund General Wellesley’s wars against Tipu Sultan and the Marathas.