BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Punjab National Bank
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Canara Bank
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ICICI Bank
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SBI
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Detailed explanation-1: -Canara Bank has inked pact with the state-owned general insurer The New India Assurance Co to sell policies through its branches.
Detailed explanation-2: -New India Assurance Company is a 100 per cent government-owned multinational general insurance company operating in 22 countries.
Detailed explanation-3: -Canara Bank was incorporated on July 1 1906 with the name Canara Hindu Permanent Fund Ltd. In the year 1910 the name of the Bank was changed from Canara Hindu Permanent Fund Ltd to Canara Bank Ltd. In July 19 1969 the Bank was nationalized along with 14 major banks in the country.
Detailed explanation-4: -The Bank is a Government of India undertaking, and carries on all banking business. The Bank was brought into existence by an ordinance passed on the 19th July 1969 by the Central Government.
Detailed explanation-5: -NEW INDIA ASSURANCE CO. LTD, founded by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 26 countries and headquartered at Mumbai, India. Our global business crossed Rs. 31573 crores in March 2021.