BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Axis Bank is ____
A
Private Bank
B
Public sector bank
C
Cooperative Bank
D
Development Bank
Explanation: 

Detailed explanation-1: -Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

Detailed explanation-2: -Axis Bank is one of the first new generation private sector banks to have begun operations in 1994.

Detailed explanation-3: -PRIVATE BANKS 3 Bank of India 3 City Union Bank Ltd. 4 Bank of Maharashtra 4 Development Credit Bank Ltd. 5 Canara Bank (Including Syndicate Bank) 5 Dhanlaxmi Bank Ltd. 6 Central Bank of India 6 Federal Bank Ltd.

Detailed explanation-4: -State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai.

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