Economics • Banking & FinanceEasy
Which national commercial bank, founded in Lahore in 1894 and later headquartered in New Delhi, holds deep historical roots in Punjab's banking sector?
A. Punjab National Bank✓ Correct Answer
B. Canara Bank
C. Bank of Baroda
D. Union Bank of India
💡 Solution & Explanation
Punjab National Bank was established in 1894 with its first office in Lahore, marking a milestone in indigenous Indian banking with strong historical ties to Punjab. Canara Bank originated in Mangalore. Bank of Baroda was founded in Gujarat. Union Bank of India was established in Mumbai. The bank played an instrumental role in mobilizing savings across Northern India during the nationalist movement.
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