Question
Which is Indiaās oldest joint stock bank that is
still operational?Solution
TheĀ Allahabad Bank, established in 1865 and still functioning today, is the oldestĀ Joint Stock bankĀ in India, it was not the first though. That honour belongs to the Bank of Upper India, which was established in 1863 and survived until 1913, when it failed, with some of its assets and liabilities being transferred to theĀ Alliance Bank of Simla.
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