BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In the IBA Banking Technology Awards 2014, Best Financial Inclusion Initiative award among Public Sector bank conferred on
A
SBI
B
Corporation Bank
C
Andhra Bank
D
Bank of Baroda
Explanation: 

Detailed explanation-1: -Union Bank of India has been awarded as winner under Large Banks category (Public and Private) for 1. Best Technology Bank 2. Best IT Risk Management 3. Best Technology Talent.

Detailed explanation-2: -Bank of Baroda has been awarded and honoured as the ‘Best Bank in Supply Chain Finance’ by The Institute of Supply Chain Management. Bank of Baroda has been awarded and honoured as the ‘Best Bank in Supply Chain Finance’ by The Institute of Supply Chain Management.

Detailed explanation-3: -Financial Inclusion by RBI No frills account. BSBDA – Basic savings bank deposit account. LBS – Lead banking scheme. PMJDY – Pradhan Mantri Jan Dhan Yojana.

Detailed explanation-4: -State-owned Bank of Baroda on 6 December 2022 has bagged an EAG Laureate award. State-owned Bank of Baroda on 6 December 2022 has bagged an EAG Laureate award in the International Olympiad of Financial Security held at Sochi, Russia on 10 October 2022.

There is 1 question to complete.