BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Punjab National Bank
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Bank of Baroda
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Indian Overseas Bank
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State Bank of India
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Detailed explanation-1: -Bank Of Baroda To Exit South Africa By March-End. Bank of Baroda said it has decided to exit by March-end its South Africa operations after 21 years amid a probe into alleged compliance lapses by the bank there.
Detailed explanation-2: -MUMBAI: The Bank of Baroda has decided to shut down its operation in South Africa, a development that comes within months of the South African Reserve Bank imposing a fine of 11 million rand (about Rs 5.45 crore) for lapses in compliance.
Detailed explanation-3: -In the year 1964 The Umargaon Peoples’ Bank & Tamilnadu Central Bank amalgamated with the Bank. In July 1969 the Bank was nationalized and the name was changed from ‘The Bank of Baroda Ltd’ to ‘Bank of Baroda’.
Detailed explanation-4: -Bank of Baroda (BOB) established on July 20, 1908 is an Indian state-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda), in Gujarat, India.
Detailed explanation-5: -Following a debt crisis, African Bank was placed into curatorship in 2014. The Reserve Bank then bought a 50% stake in the bank to save it from collapse, but didn’t want to be a long-term investor given conflicts of interest.