BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Where was Citi Bank India first established its office in 1902?
A
Calcutta
B
Bombay
C
Madras
D
Dhaka
Explanation: 

Detailed explanation-1: -American banking major Citi entered India in 1902 and started the consumer banking business in 1985. In what is termed as the ‘end of an era’, Citibank has taken down its signboard from its landmark Kanak Building office on Kolkata’s Chowringhee road.

Detailed explanation-2: -Established in 1902 in Calcutta (Kolkata), Citi India has a long history. Currently, Citigroup, the owner of Citi India, is one of the largest foreign direct investors in financial services in the country.

Detailed explanation-3: -Citibank, N.A., First International Financial Centre, Plot Nos C-54 and C-55, G-Block, Bandra Kurla Complex, Bandra East, Mumbai-400 051.

Detailed explanation-4: -Citibank opened for business in 1812 in New York under its original name First National City Bank. Since then, Citi has been a major player in some of the world’s most innovative breakthroughs in banking, including the pioneering of the world’s first ATM.

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