BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SIDBI
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National Housing Bank
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IDBI
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None of these
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Detailed explanation-1: -Thus the correct answer is Indian Overseas Bank. The Application Links for the DSSSB TGT will remain open from 19th October 2022 to 18th November 2022. Candidates should apply between these dates.
Detailed explanation-2: -Commercial banks are established as businesses under the Companies Act. Development banks are established under a special Act passed by the government. Commercial banks lend to both individuals and businesses. Development banks lend to the government.
Detailed explanation-3: -SIDBI, NABARD, IFCI are examples of development banks.
Detailed explanation-4: -An example of a successful private development bank is the Grameen Bank, founded in 1976 to serve small borrowers in Bangladesh. The bank’s approach is based on microcredit-small loans amounting to as little as a few dollars.