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BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Bank was beaten India’s largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country recently.
A
ICICI Bank
B
Axis Bank
C
Kotak Mahindra Bank
D
HDFC Bank
Explanation: 

Detailed explanation-1: -Private lender Kotak Mahindra Bank on Monday beat State Bank of India for the first time to become the second most valued bank in the country.

Detailed explanation-2: -Shares of private lender Kotak Mahindra Bank Limited beat India’s largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country.

Detailed explanation-3: -The oldest commercial bank in India, SBI originated in 1806 as the Bank of Calcutta. Three years later the bank was issued a royal charter and renamed the Bank of Bengal.

Detailed explanation-4: -Evolution Of SBI. The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809).

Detailed explanation-5: -The Imperial Bank of India (IBI) was one of the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into the State Bank of India in 1955.

There is 1 question to complete.