Question Bank - Banking & Financial Services

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Which among the following banks was inaugurated by Mahatma Gandhi in 1919?

A.
Union Bank of India
B.
State Bank of India
C.
Central Bank of India
D.
Punjab National Bank

Solution:

The answer is the Union Bank of India. Union Bank of India was originally incorporated on November 11 1919 in Mumbai with the name of The Union Bank of India Ltd. In the year 1921, the Bank shifted its registered office to Mumbai Samachar marg Fort Mumbai which was inaugurated by Mahatma Gandhi. Nationalized in 1969 and become a PSU BANK. ?Additional InformationBankFoundedHeadquartersFoundersUnion Bank of India11 November 1919Mumbai-State Bank of India1 July 1955Mumbai-Central Bank of India21 December 1911MumbaiPherozeshah Mehta, Sorabji PochkhanawalaPunjab National Bank19 May 1894, Lahore, PakistanNew DelhiLala Lajpat Rai, Dyal Singh MajithiaDownload Solution PDFShare on Whatsapp

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