BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State Bank of India
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Punjab National Bank
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United Bank of India
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Bank of Baroda
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Detailed explanation-1: -In a strategic shift, the State Bank of India (SBI) will undertake a major restructuring of its business in the UK from April and ensure greater protection for depositors, India’s largest state-owned bank has said.
Detailed explanation-2: -To this end, the committee recommended the formation of a new bank, to be called the State Bank of India, by amalgamating the Imperial Bank of India with the ten major banks associated with the former princely states.
Detailed explanation-3: -The Imperial Bank of India was renamed as State Bank of India in .
Detailed explanation-4: -State Bank of Saurashtra (SBS) a wholly owned subsidiary of the Bank amalgamated with the Bank with effect from August 13 2008.
Detailed explanation-5: -The 3 banks Bank of Bengal, the Bank of Bombay and Bank of Madras were merged in 1921 to form the “Imperial Bank of India”. It acted as Central Bank of India (or) Quasi-central bank till the establishment of RBI in 1935.