BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is India’s largest Banking Correspondent company?
A
Airtel
B
FINO
C
YONO
D
Reliance
Explanation: 

Detailed explanation-1: -Fino Paytech is the largest business correspondent in India, having extensive reach in as many as 499 districts. We also implement the government’s EBT scheme to beneficiaries across India. Fino Paytech extends its solutions to micro customers through the FINO Fintech Foundation.

Detailed explanation-2: -✅ Which is the second largest bank in India? HDFC Bank is India’s second largest private-sector bank by assets and market capitalization. It has clocked the highest market capitalization worth 9.33 trillion at present.

Detailed explanation-3: -Central Bank of India Central Bank of India is a public sector bank with assets of 3.69 trillion Indian rupees as of fiscal year 2021.

Detailed explanation-4: -Fino Payments Bank Limited was formerly known as Fino Fintech Limited and changed its name to Fino Payments Bank Limited in April 2017. The company was founded in 2006 and is based in Navi Mumbai, India.

Detailed explanation-5: -Based on the extent of their network and financial revenue, the Top 10 Banks in India are Axis Bank Ltd., Bank Of Baroda, Bank of India, IndusInd Bank Ltd., Punjab National Bank, Kotak Mahindra Bank Ltd., State Bank of India, ICICI Bank Ltd., Yes Bank Ltd., and HDFC Bank Ltd.

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