The correct answer is: A. Punjab National Bank
Punjab National Bank (PNB) is an Indian multinational banking and financial services company headquartered in New Delhi. It is the second-largest state-owned bank in India, with 10,822 branches and 13,000 ATMs in India and 14 overseas branches. PNB was founded in 1895 by Lala Lajpat Rai, Lala Harkishan Lal, and other prominent Indian businessmen. It was the first Indian bank to be established under the Indian Companies Act of 1882.
Punjab National Bank offers a wide range of banking products and services, including retail banking, corporate banking, investment banking, and treasury services. It is also a major player in the Indian stock market. PNB is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
The other options are incorrect because they are not the first fully Indian bank.
- B. Central Bank of India was founded in 1911 by a group of Indian businessmen.
- C. Canara Bank was founded in 1904 by a group of Indian merchants.
- D. State Bank of India was founded in 1955 by the merger of Imperial Bank of India with 14 other banks.