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Which was the first Indian bank started solely with Indian capital?

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

Answer: C

Correct answer: Punjab National Bank

Punjab National Bank, founded at Lahore in 1894, was the first Indian bank established entirely with Indian capital and Indian management. It was a Swadeshi undertaking, and Lala Lajpat Rai was among its founders and its first account holder.

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