Which is the Oldest Joint Stock bank of India?

Q.  Which of the following is the Oldest Joint Stock Bank of India which is still working?
- Published on 08 Feb 17

a. Allahabad Bank
b. Bank of Upper India
c. Patiala Bank
d. State Bank of India

ANSWER: Allahabad Bank
India’s Oldest Joint Stock Bank which is still working is Allahabad Bank. It is also known as India’s oldest public sector bank.

It was established in 1865.

On April 24, 2014, the bank entered its 150th year of establishment.

Allahabad Bank

Founded: 24 April 1865; 151 years ago
Headquarter: Kolkata, India
Current Head: Rakesh Sethi (Chairman and MD)

Note that the Oldest Joint Stock Bank of India was Bank of Upper India established in 1863 and failed in 1913.

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