BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
After the merger of Associates of SBI, the total customer base of the bank reaches____crore.
A
41 crore
B
37 crore
C
34 crore
D
47 crore
Explanation: 

Detailed explanation-1: -Associate Banks of State Bank of India On 1st April 2017, SBI merged with 5 of its associate banks and one other bank. This brought into SBI the 50 largest banks in the world. These associate banks included State Bank of Jaipur, Bikaner, Mysore, Travancore, Hyderabad, and Patiala.

Detailed explanation-2: -In most cases, bank mergers don’t end up having much impact on customers’ day-to-day banking-and any changes you do experience are likely to be positive. For example, the new bank might offer more products and services to help meet your financial needs.

Detailed explanation-3: -The State Bank of India (SBI) has said that it has a customer base of 44.89 crore at 22, 141 branches across the country, is higher than the entire US population. America’s population stands at 33.2 crore. : SBI has 44.89 crore customers #USvsIndia *As per SBI annual report of 2019-20.

There is 1 question to complete.