In which year was the Bank of Bombay established?

Question of The Day28-01-2022

The first bank of a joint stock variety was the Bank of Bombay. The bank was established in which year?

Answer

Correct Answer : c ) 1720

Explanation :

Bank of Bombay was the first Joint-stock bank of India. It was established in the year 1720 in Bombay. It was one of the two oldest banks in India, along with the Bank of Hindostan. The bank lasted until 1770.

Hence, (c) is the correct answer.

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