BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the TRA Brand Trust Report 2018, the State Bank of India was the most-trusted bank (both public and private sector) in the country and____topped the chart among the private ones.
A
Kotak Mahindra Bank
B
Axis Bank
C
ICICI Bank
D
HDFC Bank
Explanation: 

Detailed explanation-1: -Currently, the banking sector is witnessing a curvy phase, but the TRA Brand Trust Report of 2018, reveals that the State Bank of India (SBI) has topped the chart as the most trusted bank in terms of both public and the private sector in the country.

Detailed explanation-2: -State Bank of India is India’s largest and most trusted commercial bank. It is among the oldest banking institutions in the country and is headquartered in Mumbai, Maharashtra.

Detailed explanation-3: -HDFC is the largest private bank in India in terms of market capitalisation with total assets of more than 16 trillion rupees. As of January 1, 2022, there are 21 private banks in India.

Detailed explanation-4: -SBI is the largest public sector bank in India and Asia and one of the largest in the world.

Detailed explanation-5: -State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.

There is 1 question to complete.