Q. Which is the oldest Public Sector Bank in India with nationwide branches?
Answer: Allahabad Bank
Notes: Allahabad Bank, founded in 1865 in Allahabad, holds the distinction of being the oldest public sector bank in India. Initially serving local needs, it expanded nationwide over decades. Interestingly, it has retained its historical significance through various banking transformations and mergers. In 2020, Allahabad Bank was amalgamated with Indian Bank, marking the end of an era while continuing its legacy. Such mergers aim to enhance efficiency and competitiveness in the banking sector, aligning with global financial practices.