1.Which is the first bank in India?

2.Which is the First RRB in India?

3.Which is the Apex Institution for Rural Credit ?
4.Which US Central Bank ?
5.Which UK Central Bank ?
A bank is a financial organization which accepts deposit that can be
withdrawn on demand and also lend money to individual and business
houses that need it

First bank in India was bank of Hindustan in 1770 est. at Calcutta under
European mgt

The oldest public sector bank of India having branches all over India and
serving the customers for last 145 years is Allahabad bank is also known
as oldest stock bank

First bank which was purely managed by India was PNB in Lahore 1895
History
 The central govt entered the banking business with
nationalization of imperial bank of india in 1955 A 60 %
of stake was taken by the RBI and new bank was named
as SBI
 then other 7 became subsidiaries of the new bank
 In 1969 govt added 14 major bank
 First Narasimhan committee gave a blue print on banking
sector reforms
Objective Behind Nationalization
 To break the ownership and control of banks by a few
banking families
 To prevent the concentration of wealth and economic
power
 To Mobilize savings from masses from all parts of the
country
 To cater the needs of Priority sectors
Head Quarters
 All the banks which have India in the end of their name
have their H Q in Mumbai expect United bank of India
Head Quarters
 In Delhi “Punjabi girls excel in Commerce’ This is a
Mnemonic to remember which banks have HQ In Delhi
Head Quarters
 All banks starting with “India” have their HQ in Chennai
Head Quarters
 Banks that starts with “U” have their HQ in Kolkata
Head Quarters
 “Vijay can Bang”
Public sector banks
 PSU are banks were majority stake (>50%) is held by
govt of India
 The shares of these banks are listed on Stock Exchange
 The banking sector in India is probably the most
prosperous sector. It is also referred to as the leading
and most powerful industry of the Indian economic
system. In this system, more than 75% of market share
is enjoyed by the public sector banks. There are 21
public sector banks in India, as of 2019.
Public Sector Banks in India
21
 Andhra Bank >Syndicate Bank
 Allahabad Bank > State Bank of India
 Bank of India > United Bank of India
 Bank of Baroda > Union Bank of India
 Bank of Maharashtra > UCO Bank
 Corporation Bank > Vijaya Bank
 Central Bank of India > India Post Payments Bank
 Canara Bank
 Dena Bank
 Indian Overseas Bank
 Indian Bank
 Oriental Bank of Commerce
 Punjab National Bank
 Punjab & Sind Bank