BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC Bank
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ICICI Bank
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Axis Bank
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Kotak Mahindra Bank
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Detailed explanation-1: -HDFC Bank Ltd launched SmartUp, a first-of-its-kind dedicated solution for start-ups, to fulfill all their banking needs.
Detailed explanation-2: -HDFC Bank SmartUp, a smart Business Account with features designed specifically to address these concerns, provides start-ups with the right environment to grow and develop. In a very basic sense, it is a Current Account that has been customised to the needs of a start-up.
Detailed explanation-3: -The SmartUp Alpha gives account holders the benefit of free cash deposits up to 12 times the account’s monthly average balance or up to 25 free transactions a month.
Detailed explanation-4: -In March 1995, HDFC Bank launched its first IPO of ‘500 million (50, 000, 000 equity shares at ‘10 each at par). Despite much skepticism, the market lapped up the issue and we recorded 55 times oversubscription.
Detailed explanation-5: -HDFC Bank merged with Times Bank in February 2000. This was the first merger of two private banks in the New Generation private sector banks category. Times Bank was established by Bennett, Coleman and Co. Ltd., commonly known as The Times Group, India’s largest media conglomerate.