BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following banks is the second largest Public sector banks among the 236 PSBs in India in terms of Profit?
A
Bank of India
B
Punjab National Bank
C
Bank of Baroda
D
Central Bank of India
Explanation: 

Detailed explanation-1: -The bank was established in 1894. PNB bank is merged with OBC Bank and United Bank. The new bank will become the second-largest Public Sector Bank of India with 18 Lakh crore rupees and the second largest in terms of branch network across the country. Bank of Baroda is an Indian multinational bank.

Detailed explanation-2: -Bank of Baroda (BOB) has achieved a total business of Rs 20, 73, 385 crore as of 31 December 2022, registering a growth of 18.5% y/y. Its latest financial statement claims that BOB is now India’s second-largest public sector bank as per total business.

Detailed explanation-3: -State Bank of India was the leading Indian public sector bank based on market capitalization with nearly 3.7 trillion Indian rupees as of October 2022. Bank of Baroda followed, with Canara Bank ranking third that year.

There is 1 question to complete.