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Question : Which among the following is the oldest joint stock bank in India?

Option 1: Allahabad Bank

Option 2: Bank of Baroda

Option 3: Yes Bank

Option 4: Punjab National Bank


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Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Allahabad Bank


Solution : The correct option is Allahabad Bank.

Established on April 24, 1865, Allahabad Bank stands as one of India's earliest joint-stock banks. A group of Europeans founded it in Allahabad, Uttar Pradesh. The bank's initial mission was to advance trade and business within the area. Over the years, Allahabad Bank has contributed to India's economic growth and the banking industry.

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