Which of the following is the first commercial bank who had launched a mutual fund?State Bank of IndiaIndian BankCanara BankBank of India (2024)

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A

Canara Bank

B

Indian Bank

D

State Bank of India

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Solution

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SBI Mutual Fund was the first Mutual Fund establishedin June 1987 followed by Canbank Mutual Fund (Dec 87), Punjab National BankMutual Fund (Aug 89), Indian Bank Mutual Fund (Nov 89), Bank of India (Jun 90) and Bank of Baroda Mutual Fund (Oct 92).

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Which of the following is the first commercial bank who had launched a mutual fund?State Bank of IndiaIndian BankCanara BankBank of India (2024)
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