BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the foreign currency loans sanctioned by it
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to channelise World Bank Funds to industry in India and to build capital market in India
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the refinance facilities extended by it
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Both A and B
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Detailed explanation-1: -ICICI Bank was incorporated in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
Detailed explanation-2: -The system essentially includes deposit, loan and credit processing. Among the integral core banking services are floating new accounts, servicing loans, calculating interests, processing deposits and withdrawals, and customer relationship management activities.
Detailed explanation-3: -Development banks aid industrial firms in various ways, not just by providing medium-and long-term loans. These banks buy the firms’ bonds and debentures, underwrite their shares and debentures and guarantee loans from local and international sources.