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35 vote

Which was the first Bank corporated by the Indians? (1881)

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Which was the first Bank corporated by the Indians? (1881)
1). Imperial Bank of India
2). State Bank of India
3). Avadh Commercial Bank
4). Reserve Bank of India


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37 vote
Answered by on | Votes 37 |
Oudh Commercial Bank was established in 1881 in Faizabad. At the time, it was the first commercial bank in India having limited liability and an entirely Indian board of directors. It was a small bank that had no branches and that served only local needs.It failed in 1958

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