Logo Quiz of the Day : 525

Answer: Corporation Bank
Corporation Bank, founded in 1906 in Udupi, Karnataka state, India, is one of the Indian banks in Public Sector Undertaking. The bank was founded with an initial capital of Rs. 5000 (USD 100), and first day’s canvassed resources of less than one USD 1.
The Bank is a Public Sector Unit with 57.17% of Share Capital held by the Government of India. The Bank came out with its Initial Public Offer (IPO) in October 1997 and 37.87% of Share Capital is presently held by the Public and Financial Institutions.
The bank has the distinction of the first Indian bank to publish its financial results (1998-99) conforming to US GAAP.

Logo Quiz of the Day : 524

Answer: Syndicate Bank
Syndicate Bank, established in 1925 in Mangalore(D.K)Now divided as Udupi (in Karnataka, India) by Upendra Ananth Pai, Vaman Srinivas Kudva and Dr. T. M. A. Pai, is one of the oldest and major commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalized on 19 July 1969, by the Government of India.

Logo Quiz of the Day : 523

Answer: Dena Bank
Dena Bank (founded 26 May 1938) is one of the earliest banks in India headquartered in Mumbai.

Logo Quiz of the Day : 522

Answer: Vijaya Bank
Vijaya Bank, a medium sized bank with presence across India was founded on October 23, 1931 by A. B. Shetty and other enterprising farmers in Mangalore, Karnataka in India. The objective of the founders was essentially to promote banking habits, thrift and entrepreneurship among the farming community of Dakshina Kannada district in Karnataka State. The bank became a scheduled bank in 1958. Vijaya Bank steadily grew into a large All India bank, with nine smaller banks merging with it from 1963-68. The credit for this merger as well as growth goes to Mulki Sunder Ram Shetty,who was then the Chief Executive of the bank. The bank was nationalised on April 15, 1980.

Logo Quiz of the Day : 521

Answer: Uco Bank
Uco Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of the oldest and major commercial bank of India. Ghanshyam Das Birla, an eminent Indian industrialist, during the Quit India movement of 1942, had conceived the idea of organizing a commercial bank with Indian capital and management, and the United Commercial Bank Limited was incorporated to give shape to that idea. The bank, along with 13 other major commercial banks of India, was nationalized on 19 July 1969 by the Government of India. Its name was changed to UCO Bank, in 1985, by an act of Indian Parliament.

Logo Quiz of the Day : 520

Answer: Punjab & Sind Bank
Punjab & Sind Bank is a major bank in Northern India. Of its almost 900 branches and offices spread throughout India, almost 400 are in Punjab state, though the bank's corporate headquarters is in New Delhi.

Logo Quiz of the Day : 519

Answer: Oriental Bank of Commerce
Oriental Bank of Commerce, established on 19 February, 1943, in Lahore (then a city of British India, and currently in Pakistan), is one of the public sector banks in India.