Which of the following was the first private bank in Kerala?

Bank of Travancore

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Nedungadi Bank

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Imperial Bank

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Chartered Bank

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Solution

The correct option is B Nedungadi Bank
Rao Bahadur T.M. Appu Nedungadi established Nedungadi Bank in 1899 in Calicut, Kerala. It was the first private bank in not just Kerala but the whole South India. The bank was incorporated in 1913.
Over long time, it opened 174 branches, some in Metropolitan cities of India too. Punjab National Bank took over Nedungadi in 2003.

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