BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of Baroda
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Punjab National Bank
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Corporation Bank
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Indian Overseas Bank
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Detailed explanation-1: -National Bank for Agriculture and Rural Development (Nabard) has conferred the ‘best performance award’ for 2015-16 and 2016-17 to Karnataka Vikas Grameen Bank (KVGB) for its work in the field of credit-linking joint liability groups (JLGs).
Detailed explanation-2: -K Venkatesh, Head – Sustainable Livelihood Initiative, HDFC Bank. Notably, HDFC Bank was the only Private Bank to be felicitated for remarkable work in SHGs – by the National Rural Livelihood Mission (NRLM).
Detailed explanation-3: -Self Help Group – Bank Linkage Programme (SHG-BLP) Based on the observations of various research studies and an action research project carried out by NABARD, the model of ‘SHG-BLP’ has evolved as a cost-effective mechanism for providing financial services to the unreached and underserved poor households.
Detailed explanation-4: -The correct answer is HDFC Bank.
Detailed explanation-5: -SHG–Bank Linkage Programme (SBLP) launched in 1992 envisaging synthesis of formal financial system and informal sector has become a movement in India.