BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following banks is not merged with SBI in April 2017?
A
State Bank of Bikaner & Jaipur
B
State Bank of Travancore
C
State Bank of Mysore
D
Axis Bank
Explanation: 

Detailed explanation-1: -Five of SBI associate banks along with Bhartiya Mahila Bank merged with SBI on April 2017. 3 Presidency banks, Bank of Bombay, Bank of Madras, and Bank of Bengal were merged to form Imperial banks in 1921.

Detailed explanation-2: -Following the merger of Axis Bank and Citi, Citi’s retail customers will become Axis Bank customers. CCI has approved the Rs 12, 325-crore merger deal between Axis Bank and the Citibank.

Detailed explanation-3: -Currently in India there are 12 banks in number that are nationalised, and their names are Punjab National Bank, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Union Bank of India, Indian Overseas Bank, Punjab, and Sind Bank, Indian Bank, UCO Bank, and Bank of Maharashtra, State Bank Of India. Q4.

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