BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Which one among the following has not started commercial banking?

A	ICICI
B	SIDBI
C	IDBI
D	UTI

Explanation:

Detailed explanation-1: -SIDBI does not accept deposits and hence it is a financial institution not a commercial bank.

Detailed explanation-2: -Small Industries Development Bank of India (SIDBI) is a commercial bank based in Lucknow, Uttar Pradesh, India.

Detailed explanation-3: -Hence, Issuing of Notes is not the function of a Commercial Bank.

Detailed explanation-4: -The correct option is B Reserve Bank of India Which of the following bank is not a commercial bank?

Detailed explanation-5: -Oudh Commercial Bank or Awadh Commercial Bank was an Indian bank established in 1881 in Faizabad and operated until 1958 when it failed. It was the first commercial bank in India having limited liability and an entirely Indian board of directors.

There is 1 question to complete.