BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Bank has launched the fourth edition of ‘Evolve’ in Coimbatore, Tamil Nadu recently?
A
Axis Bank
B
ICICI Bank
C
State Bank of India
D
Bank of Baroda
Explanation: 

Detailed explanation-1: -At Axis Bank, we believe in being more than financial partners to our MSME customers and extend our knowledge and expertise to truly guide and propel MSMEs so that they can scale newer heights. It is this objective that lead to the creation of Evolve, our annual, multi-city MSME Knowledge Series.

Detailed explanation-2: -On 30 July 2007, UTI Bank changed its name to Axis Bank. In 2009, Shikha Sharma was appointed as the MD and CEO of Axis Bank. In 2013, Axis Bank’s subsidiary, Axis Bank UK commenced banking operations. On 1 January 2019, Amitabh Chaudhry took over as MD and CEO.

Detailed explanation-3: -The 7th edition of Evolve will delve into how technology and digitalization can help achieve exponential growth from exports, which is a major area of focus for increasing profitability and market presence for MSMEs, the bank said.

Detailed explanation-4: -We advise that the name of ‘UTI Bank Ltd’ has been changed to ‘Axis Bank Ltd’ in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from July 30, 2007 by notification DBOD. No. PSBD. 1174/16.01.

There is 1 question to complete.