Which of the following was the first Indian bank to open a branch on foreign soil?

a. Bank of Baroda

b. Bank of India

c. Punjab National Bank

d. Bank of Allahabad

Answer  Explanation 

ANSWER: Bank of India

Explanation:

Bank of India is the first Indian bank to open branch outside India at London in 1946.

Bank of India (BoI) is a commercial bank with headquarters in Mumbai, Maharashtra, India.

BoI – Bank of India

• Founded : 7 September 1906; 110 years ago
• Headquarter : Mumbai, India
• Current Head : Melwyn Rego (MD & CEO)