BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following Banks is going to develop as many as 100 digital villages in various States of the country as part of its initiative to promote digital banking among the rural population?
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UCO Bank
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Vijaya Bank
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Corporation Bank
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Bank of India
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Explanation:
Detailed explanation-1: -UPSC Mains. Q. Which Indian bank will set up 100 digital villages across the country? Notes: The Vijaya Bank will set up 100 digital villages in various States of the country as part of its initiative to promote digital banking among the rural population.
Detailed explanation-2: -Two private sector banks – ICICI Bank and HDFC – have announced they will set up digital banking units in India.
Detailed explanation-3: -The Digital Banking definition is banking done through the digital platform, doing away with all the paperwork like cheques, pay-in slips, Demand Drafts, and so on. It means availability of all banking activities online.
There is 1 question to complete.