Question
Download Solution PDFThe oldest public sector bank in India is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDF- Allahabad Bank was a nationalised Indian bank with headquarters in Kolkata.
- The bank, which was founded in Allahabad in 1865 and nationalised by the Indian government in 1969, offered banking and financial services for 155 years before merging with Indian Bank in 2020.
- It was also India's oldest joint-stock bank.
- CEO: S. S. Mallikarjuna Rao (19 Sept 2018–)
Important Points
| Banks | Founded on | CEO |
| Punjab National Bank | 19 May 1894 | S. S. Mallikarjuna Rao |
| Bank of Maharashtra | 16 September 1935 | A. S. Rajeev |
| Oriental Bank of Commerce | 19 February 1943 | Rai Bahadur Sohan Lal |
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