Money and banking

Indian Economic System(CSC)

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Name the first bank of limited liability managed by Indians

Punjab National Bank

Oudh Commercial Bank

State Bank of India

None of the above

Explanation:

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.

By: Abhipedia

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