BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IDBI
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ICICI
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SBI
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RRB
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Detailed explanation-1: -Financial Institution in India – ICICI. Industrial Credit and Investment Corporation of India (ICICI) is a financial institution in India and was established in 1955 as a public limited company. The Indian Company Act governs it. ICICI is incorporated for developing medium and small industries of the private sector.
Detailed explanation-2: -ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.
Detailed explanation-3: -In 2005 Industrial Development Bank of India Ltd merged their banking subsidiary IDBI Bank with themselves.