BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is the 3rd largest foreign bank of India in terms of branches?
A
HSBC
B
Citi
C
Standard Chartered
D
Royal bank of Scotland
Explanation: 

Detailed explanation-1: -Standard Chartered is the largest foreign bank in India. There were around 46 international banks in India in the year 2020. Other well-known foreign banks having a large presence in India are Citibank, Deutsche Bank, and Barclays Bank. The headquarter is located in Hong Kong.

Detailed explanation-2: -Standard Chartered Bank, headquartered in the UK, is the biggest foreign bank in India. The current number of Standard Chartered Bank locations in India is 100.

Detailed explanation-3: -(IDCBY) The largest bank in the world in terms of total assets under management (AUM) as well as gross revenues is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals.

Detailed explanation-4: -The best banks for international banking in India are American Express Banking Corporation, Barclays Bank Plc, Bank of America, Citibank N.A, Deutsche Bank, DBS Bank India Limited, HSBC Ltd, Standard Chartered Bank, and others. Standard Chartered Bank ranks the best in terms of credit card services.

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