BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following Private sector Bank has launched the fourth edition of ‘Evolve’ in Coimbatore, Tamil Nadu recently?

A	Kotak Mahindra Bank
B	ICICI Bank
C	HDFC Bank
D	Axis Bank

Explanation:

Detailed explanation-1: -651+ Private Banks in Coimbatore.

Detailed explanation-2: -(KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd. Kotak is the Fourth-Largest Private Banks in India. It is Among the Top 5 private bank in India.

Detailed explanation-3: -The new generation banks in Inia are: HDFC Bank (Housing Development & Finance Corporation) ICICI Bank (Industrial Credit and Investment Corporation of India) AXIS Bank YES Bank IndusInd Bank DCB Bank (Development Credit Bank) Kotak Mahindra Bank.

Detailed explanation-4: -On 30 July 2007, UTI Bank changed its name to Axis Bank. In 2009, Shikha Sharma was appointed as the MD and CEO of Axis Bank. In 2013, Axis Bank’s subsidiary, Axis Bank UK commenced banking operations. On 1 January 2019, Amitabh Chaudhry took over as MD and CEO.

There is 1 question to complete.