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Banking history: Identify the first Indian-managed limited-liability bank founded in 1881. Choose the correct bank established and managed by Indians with limited liability.

Q: Banking history: Identify the first Indian-managed limited-liability bank founded in 1881. Choose the correct bank established and managed by Indians with limited liability.

Fact Oudh Commercial Bank (1881, Faizabad) is noted as the first Indian-managed joint-stock bank with limited liability. PNB came later (1894). Final Answer Oudh Commercial Bank

Difficulty: Easy

Punjab National Bank
Central Bank of India
Oudh Commercial Bank
Bank of India

Correct Answer: Oudh Commercial Bank

Explanation:

Fact
Oudh Commercial Bank (1881, Faizabad) is noted as the first Indian-managed joint-stock bank with limited liability. PNB came later (1894).

Final Answer
Oudh Commercial Bank

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