Which of the following bank has recently signed an MoU with Kathmandu-based National Banking Institute (NBI) for the development of human resources in Nepal.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	EXIM Bank
B	Bank of Baroda
C	Punjab National Bank
D	State Bank of India

Explanation:

Detailed explanation-1: -Detailed Solution. The correct answer is State Bank of India.

Detailed explanation-2: -Nepal SBI Bank Ltd (NSBL) established in July 1993 as a subsidiary of State Bank of India (SBI). SBI holds 55% of ownership, Nepal Employee Provident Fund (Karmachari Sanchaya Kosh) holds 15% and the balance 30% shares are held with the general public.

Detailed explanation-3: -About Nepal SBI Bank Ltd-Nepal (NSBL) is a subsidiary of State Bank of India (SBI) having 55 percent of ownership. The local partner viz. Employee Provident Fund holds 15% equity and General Public 30%.

Detailed explanation-4: -Nepal SBI: Pure banking, nothing else.

Detailed explanation-5: -NSBL commenced operation with effect from 7 July 1993 with one full-fledged office at Durbar Marg, Kathmandu with 18 staff members. The staff strength has since increased to 910 as on Ashadh on NSBL working in 91 branches, 21 extension counters, 7 Provincial Offices, 9 branchless banking & a Corporate Office.

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