Question of The Day12-03-2021

Which of the following banks was founded by Lala Lajpat Rai?

Answer

Correct Answer : a ) State Bank of India

Explanation :

Punjab National Bank was founded by Lala Lajpat Rai and other leaders. Oriental Bank of Commerce and United Bank of India had been merged with Punjab National Bank from April 2020 onwards. It is headquartered in New Delhi. It is India’s second largest public sector bank in terms of business and network. It was founded in 1894. S. S. Mallikarjuna Rao is its CEO.

State Bank of India was created in 1955. It is headquartered in Mumbai. Dinesh Kumar Khara is its chairperson. Bank of Hindustan was set up in 1770. It is not functional now.

UCO Bank was earlier known as United Commercial Bank.  It is headquartered in Kolkata. It was founded by Ghanshyam Das Birla. Atul Kumar Goel is its MD and CEO.

Hence, (c) is the correct answer.

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