Question Bank - Banking & Financial Services

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Which among the following is the oldest public sector bank in India?

A.
Bank of India
B.
Bank of Baroda
C.
Allahabad Bank
D.
UCO Bank

Solution:

The correct answer is Allahabad Bank. Allahabad Bank (nationalized bank) is the oldest joint stock bank in India. It was founded in Allahabad in 1865 and its headquarters in Kolkata, India. BankHeadquarterEstablished yearBank of IndiaMumbai7 September 1906Bank of BarodaVadodara, Gujarat20 July 1908UCO BankKolkata6 January 1943Punjab National BankNew Delhi12 April 1894Union Bank of IndiaMumbai11 November 1919

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