Multiple choice

After the policy of liberalisation came into effect, the first bank to be set up in the private sector under it was

  1. IndusInd Bank

  2. Citi Bank

  3. UTI Bank

  4. Bank of Punjab
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A Correct answer
Explanation

IndusInd Bank was the first private sector bank established after the 1991 liberalization, commencing operations in 1994. UTI Bank (now Axis Bank) followed later. Citi Bank is a foreign bank that operated in India much earlier, and Bank of Punjab was also a later entrant.

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