Question

Which of the following is the oldest bank?

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

Hint:

State Bank of India has played a central role in India's banking system for over two centuries.

Answer 1

The Correct Option is D

Step 1: Overview of Indian Banks.
The oldest bank in India is the State Bank of India (SBI), which traces its origins to the Bank of Calcutta, founded in 1806. It later merged with other banks to form SBI.
Step 2: Analysis of options.
- (A) Indian Bank: Indian Bank is an important bank but was founded in 1907, making it younger than SBI.
- (B) Punjab National Bank: Founded in 1894, it is also younger than SBI.
- (C) Bank of India: Founded in 1906, it is younger than SBI.
- (D) State Bank of India: Correct, SBI is the oldest bank in India, with its origins dating back to 1806.
Step 3: Conclusion.
State Bank of India is the oldest bank in India, so the correct answer is (D) State Bank of India.