Correct option is B
The correct answer is: (B) 1843
Explanation:
● The Bank of Madras was established in 1843 as the third Presidency Bank.
● It was formed by merging earlier regional banks under the Madras Presidency.
● Later, it merged with the Banks of Bengal and Bombay to form the Imperial Bank of India (1921).
● The Bank of Madras was established in 1843 as the third Presidency Bank.
● It was formed by merging earlier regional banks under the Madras Presidency.
● Later, it merged with the Banks of Bengal and Bombay to form the Imperial Bank of India (1921).
Information Booster:
● First Presidency Bank: Bank of Bengal (1806).
● Second Presidency Bank: Bank of Bombay (1840).
● Presidency Banks formed the foundation of modern Indian banking.
● Imperial Bank became State Bank of India in 1955.
● Presidency Banks mainly served trade, government, and European merchants.
● First Presidency Bank: Bank of Bengal (1806).
● Second Presidency Bank: Bank of Bombay (1840).
● Presidency Banks formed the foundation of modern Indian banking.
● Imperial Bank became State Bank of India in 1955.
● Presidency Banks mainly served trade, government, and European merchants.
Additional Knowledge:
● 1840: Year of the Bank of Bombay.
● 1840: Year of the Bank of Bombay.
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