The correct answer is: D. Canara Bank
Canara Bank was founded in 1865 by Shri Ammembal Subba Rao Pai, a visionary banker and philanthropist. It was the first Indian commercial bank that was fully owned and managed by Indians. The bank started its operations with a paid-up capital of Rs. 2.5 lakhs and a branch at Mangalore.
Canara Bank has a long and rich history of over 150 years. It has played a significant role in the development of the Indian economy. The bank has a wide network of branches and ATMs across India. It also has a presence in a number of foreign countries.
Canara Bank is a leading player in the Indian banking sector. It offers a wide range of products and services to its customers. The bank is committed to providing its customers with the best possible banking experience.
Here is a brief description of each option:
- State Bank of India was founded in 1806 by the British East India Company. It is the largest commercial bank in India. The bank is owned by the Government of India.
- Allahabad Bank was founded in 1865 by a group of Indian businessmen. It is the second oldest commercial bank in India. The bank is headquartered in Allahabad, Uttar Pradesh.
- Central Bank of India was founded in 1911 by a group of Indian businessmen. It is the third oldest commercial bank in India. The bank is headquartered in Mumbai, Maharashtra.
- Canara Bank was founded in 1865 by Shri Ammembal Subba Rao Pai, a visionary banker and philanthropist. It was the first Indian commercial bank that was fully owned and managed by Indians. The bank started its operations with a paid-up capital of Rs. 2.5 lakhs and a branch at Mangalore.