Question

Which among the following banks was inaugurated by Mahatma Gandhi in 1919?
1. Union Bank of India
2. State Bank of India
3. Central Bank of India
4. Punjab National Bank

Answer 1

Correct Answer - Option 1 : Union Bank of India

The answer is the Union Bank of India.

• Union Bank of India was originally incorporated on November 11 1919 in Mumbai with the name of The Union Bank of India Ltd.
• In the year 1921, the Bank shifted its registered office to Mumbai Samachar marg Fort Mumbai which was inaugurated by Mahatma Gandhi.
• Nationalized in 1969 and become a PSU BANK.​

Bank	Founded	Headquarters	Founders
Union Bank of India	11 November 1919	Mumbai	-
State Bank of India	1 July 1955	Mumbai	-
Central Bank of India	21 December 1911	Mumbai	Pherozeshah Mehta, Sorabji Pochkhanawala
Punjab National Bank	19 May 1894, Lahore, Pakistan	New Delhi	Lala Lajpat Rai, Dyal Singh Majithia