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First Bank managed by Indians - ________

  • A.Oudh Commercial Bank
  • B.Punjab National Bank
  • C.State Bank of India
  • D.Bank of Hindustan

Answer: A

Correct answer: Oudh Commercial Bank

Oudh Commercial Bank, founded at Faizabad in 1881, was the first bank in India with entirely Indian management. The Bank of Hindustan (1770) and the presidency banks that preceded it were European-run.

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