Multiple choice

Which is the first private sector bank with foreign promoter?

  1. Yes Bank

  2. Development Credit Bank

  3. Laxmi Vilas Bank

  4. ING Vaisya Bank

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Development Credit Bank (now DCB Bank) is recognized as the first private sector bank in India to have a foreign promoter. This distinction highlights its unique ownership structure compared to other private banks at the time.