question_answer

Consider the following statements.

I. Allahabad Bank was the first bank to be established exclusively by Indians.

II. Seven banks forming subsidiary of State Bank of India was nationalised in 1960.

Which of the statement(s) given above is/are correct?

A)  Only I            

B)  Only II

C)  Both I and II                

D)  Neither I nor II

E)  Can't say