Discussion
Recently the Union Government announced the merger of Syndicate Bank with Canara Bank and Corporation Bank with Union Bank of India. In this background, which of the following is not correct ?
Answer: C
The statement that is not correct is All the four banks were established in Karnataka.
Union Bank of India was founded in Bombay (Mumbai) in 1919, so not all four banks began in Karnataka.
The other statements are correct. Corporation Bank was founded in Udupi in 1906 by Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur. Canara Bank was founded in Mangaluru in 1906 under the leadership of Ammembal Subba Rao Pai. Syndicate Bank, too, began in Udupi, in 1925.
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