BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC Bank
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Axis Bank
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Bandhan Bank
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Yes Bank
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Detailed explanation-1: -See, in 2020, the bank ran into trouble. People and corporates it lent money to were defaulting. Bad loans were soaring. And Yes Bank was on the brink of a catastrophic failure.
Detailed explanation-2: -On 29 July, the bank said its board approved the raising of ₹8, 898 crore by selling shares and warrants to the Carlyle Group and Advent International. Under RBI regulations, stake sales of over 4.99% in a private bank to an investor requires approval.
Detailed explanation-3: -Press Releases. Today, the Reserve Bank of India (RBI), vide order dated July 01, 2022, has cancelled the license of “Shri Anand Co-operative Bank Ltd., Chinchwad, Pune”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 07, 2022.
Detailed explanation-4: -Yes Bank, incorporated in 2004 by Rana Kapoor and Late Ashok Kapur, is a new age private sector bank.