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Question

Which was the first indigenous bank established in India?

A
Central Bank of India
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B
Punjab National Bank
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C
Reserve Bank of India
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D
Imperial Bank of India
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Solution

The correct option is C Punjab National Bank
The first bank purely managed bu Indian was Punjab National Bank, established in Lahore in 1895. The Punjab National Bank has not only survived till date but also one of the largest banks in India.

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