BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC
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Axis Bank
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ICICI
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Federal Bank
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Detailed explanation-1: -In March 2002, the ICICI merged with the ICICI Bank and become a first universal bank in India.
Detailed explanation-2: -ICICI Bank Limited is the first universal bank established in the country.
Detailed explanation-3: -In April 2014, the RBI had given in-principle approval to Bandhan Bank Ltd and IDFC Bank to start universal banking operations. IDFC Bank has since merged with Capital First Ltd to form IDFC First Bank.
Detailed explanation-4: -Some of the more notable universal banks include Deutsche Bank, HSBC, and ING Bank; within the United States, Bank of America, Wells Fargo, and JPMorgan Chase qualify as universal banks.
Detailed explanation-5: -Oct 27, 2001-India’s first Universal Bank: Worth it or not?