BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HSBC
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Barclays
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Standard Chartered
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Yes Bank
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Detailed explanation-1: -Detailed Solution. The correct answer is Federal Bank.
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: -There are a total of 45 Foreign banks functioning in India currently which includes City Bank, Bank of America, Barclays Bank, DBS Bank, Standard Chartered Bank, Deutsche Bank, and others.
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.