BANKING AFFAIRS

Detailed explanation-1: -Detailed Solution. The correct answer is Federal Bank. Federal Bank Limited is the major Indian commercial bank and headquartered in Aluva, Kochi.

Detailed explanation-2: -The correct answer is BNP Paribas. BNP Paribas is a foreign bank operating in India as of 31st May 2021. BNP Paribas is a French multinational bank and financial services company with global headquarters in Paris.

Detailed explanation-3: -As of the year 2022, 46 international banks have established operations in India, as reported by the country’s central bank. A total of 45 international banks operate in India, with most of their roughly 300 branches concentrated in the country’s largest cities.

Detailed explanation-4: -Foreign banks too started to appear, particularly in Calcutta, in the 1860s. Grindlays Bank opened its first branch in Calcutta in 1864. The Comptoir d’Escompte de Paris opened a branch in Calcutta in 1860, and another in Bombay in 1862; branches followed in Madras and Pondicherry, then a French possession.

Detailed explanation-5: -The term “foreign bank” generally refers to any United States operation of a banking organization headquartered outside of the U.S.The first foreign banks established their presence in the United States in the mid-1800’s, with New York being the first state to license or regulate these institutions.