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First Indian bank which introduced Mutual Funds is _______

  • A.SBI
  • B.ICICI Bank
  • C.Canara Bank
  • D.BOI

Answer: A

Correct answer: SBI

State Bank of India was the first Indian bank to enter mutual funds, setting up SBI Mutual Fund in 1987 - the first non-UTI mutual fund in the country, after the government allowed public sector banks into the business.

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