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The first bank of limited liability managed by Indians was ________.

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The first bank of limited liability managed by Indians was ________.
1). Bank of Rohilkhand
2). Bank of Madras
3). Alliance Bank of Simla
4). Oudh Commercial Bank


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Answered by on | Votes 3 |
  • Oudh Commercial Bank was established in 1881 in Faizabad which was the first commercial bank of limited liability. This bank was entirely managed by Indian Board of Directors.
  • It failed in 1958. It had no branches and was a small bank which only served local needs.

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