BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Cosmos Bank
|
|
|
SVC Bank
|
|
|
Janata Sahakari Bank
|
|
|
All of the above
|
Detailed explanation-1: -Saraswat Co-operative Bank, formed in 1918, is the topmost co-operative bank in India. It is present in six states and is headquartered in Mumbai.
Detailed explanation-2: -Needless to say that MSC Bank is the biggest co-operative bank in the country. Besides, it is the only co-operative bank in India which has figured 9 times among the top 1000 banks in the world on the basis of financial soundness (Capital Adequacy) as surveyed by ‘The Banker’ published from London, periodically.
Detailed explanation-3: -Banking Regulation Act, 1949 is completely applicable to all the commercial banks of India while Co-operative banks are partially obliged to follow this act. 8. Examples of commercial banks are: SBI, PNB, BOB, ICICI and HDFC etc. 9.
Detailed explanation-4: -The Indian financial system includes the cooperative banking system, which is divided into two segments: urban and rural cooperatives.