BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI and BOB
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Indian Overseas Bank and PNB
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Dena Bank and UCO Bank
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IDBI Bank and UCO Bank
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Detailed explanation-1: -Oudh Commercial Bank or Awadh Commercial Bank was an Indian bank established in 1881 in Faizabad and operated until 1958 when it failed. It was the first commercial bank in India having limited liability and an entirely Indian board of directors.
Detailed explanation-2: -Savings Bank account shall not be opened in the name of the following: a. Any trading or business concern, whether such concern is proprietorship, partnership, company or association.
Detailed explanation-3: -Key Takeaways. Chain banking is a form of bank governance in which individuals or an entity takes control of, at least, three banks that are independently chartered. It is not like branch banking or group banking because banks within such a system are separately-owned and are not part of the same entity.
Detailed explanation-4: -The nationalization of Indian banks happened in two phases. In the first phase, 14 banks were nationalized on July 19, 1969. In the second phase, 6 banks were nationalized in 1980.