PNB- Second Bank in India with Limited Liability

Q.  Which was the second bank in India with limited liability?
- Published on 20 Jul 15

a. Punjab National Bank
b. Imperial Bank of India
c. New Bank of India
d. State Bank of India

ANSWER: Punjab National Bank
 
Banking is over 130 years' old in India. The first bank with limited liability managed by Indians was Oudh Commercial Bank founded in 1881. Subsequently, Punjab National Bank was established.

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