BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes Bank
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Kotak Mahindra Bank
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Karnataka Bank
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South Indian Bank
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Detailed explanation-1: -Karnataka Bank has entered into a Memorandum of Understanding with Bharti AXA Life Insurance Company to distribute the latter’s life insurance products.
Detailed explanation-2: -With this tie-up, the Bank is well placed to provide our customers a choice of life insurance products that best suits their needs and convenience, ’’ said Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank on the tie-up of Utkarsh Small Finance Bank Limited. Bharti AXA Life Insurance Company Ltd.
Detailed explanation-3: -Founded in 1976, by Sunil Bharti Mittal, Bharti has grown from being a manufacturer of bicycle parts to one of the largest and most respected business groups in India.
Detailed explanation-4: -The correct answer is Bharti AXA Life Insurance. Bharti AXA Life Insurance has entered into a bancassurance partnership with Shivalik Small Finance Bank.
Detailed explanation-5: -INR 11, 025 cr. Bharti AXA brings together strong financial expertise of the Paris-headquartered AXA Group and Bharti Enterprises-one of India’s leading business groups with interests in Telecom, agricultural business and financial services.