BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many banks are presently associates of State Bank of India?
A
8
B
7
C
6
D
5
Explanation: 

Detailed explanation-1: -There are five associate banks of SBI and the sixth one is Bharatiya Mahila Bank . The evolution of SBI in recent years has been noticeable. It is one of the oldest banks operating in India.

Detailed explanation-2: -The State Bank of India has five associate banks merged with it. These five associate banks are: State Bank of Bikaner and Jaipur. State Bank of Hyderabad.

Detailed explanation-3: -The 7 associate banks of State Bank of India are: State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Travancore, State Bank of Mysore, State Bank of Patiala, State Bank of Saurashtra and State Bank of Indore.

Detailed explanation-4: -An associate bank is simply a bank that shares customers with other banks.

There is 1 question to complete.