BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Bank has entered into an agreement with CDSL Commodity Repository Limited (CCRL) and it is first Public Sector Bank to become the Repository Participant for Pledge Finance under the Repository Ecosystem for registered/accredited warehouses by WDRA?
A
Bank of India
B
State Bank of India
C
Union Bank of India
D
Bank of Baroda
Explanation: 

Detailed explanation-1: -Bank of Baroda has entered into an agreement in May 2018 with CDSL Commodity Repository Limited (CCRL). Bank of Baroda is the first Public Sector Bank to become the Repository Participant for Pledge Finance under the Repository Ecosystem for registered / accredited warehouses by WDRA.

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