Oudh Commercial Bank was founded in the year _____?

a. 1913

b. 1917

c. 1894

d. 1881

ANSWER: 1881

Explanation:

The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 1881. This bank failed in 1958.

Subsequently, Punjab National Bank was established in 1894 in Lahore.

It was the First Bank which was purely managed by the Indians.

The Punjab national Bank has not only survived till date but also is one of the largest banks in India.

PNB - Punjab National Bank

• Founded : 19 May, 1894
• Headquarter : New Delhi
• Current Head : Usha Ananthasubramanian (MD & CEO)