BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Babk has obtained RBI approval to open representative offices at Kuwait and Singapore recently?
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South Indian Bank
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IDFC Bank
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Federal Bank
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Bandhan Bank
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Explanation:
Detailed explanation-1: -Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore. The bank has been the preferred banker for NRIs and the NRI friendly measures have resulted in increasing inflow of foreign remittances.
Detailed explanation-2: -Federal Bank Overseas Branches | Dubai | Abu Dhabi | Qatar | Kuwait | Oman.
Detailed explanation-3: -The first private sector bank in India is Indusland Bank.
Detailed explanation-4: -Shares of Federal Bank Ltd were in focus on Monday following reports of its merger with Kotak Mahindra Bank Ltd. The Federal Bank stock hit a new 52-week high of ₹129.75 apiece on the National Stock Exchange on Monday.
There is 1 question to complete.