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Indian Economy - Understanding the basics of Indian economic system
In India, the first bank of limited liability managed by Indians and founded in 1881 was:
Hindustan CommercialBank
Oudh CommercialBank
Punjab NationalBank
Punjab and SindBank
Oudh Commercial Bank or Awadh Commercial Bank was an Indian bank established in 1881 in Faizabad and operated until 1958 when it failed. It was the first commercial bank in India having limited liability and an entirely Indian board of directors.
By: Parvesh Mehta ProfileResourcesReport error
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