BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ING Vysya Bank
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Karur Vysya Bank
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Lakshmi Vilas Bank
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Jammu and Kashmir Bank
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Detailed explanation-1: -The Reserve Bank of India (RBI) on Wednesday approved the merger of Kotak Mahindra Bank and ING Vysya Bank. From now on, all ING branches will function as Kotak branches, said the central bank.
Detailed explanation-2: -CRN merged (Accounts in both Kotak and ING Vysya now Kotak systems)-One single CRN linking all your accounts. Multiple CRN: For every corporate / non individual entity you are an authorized signatory to, you have been now given a distinct CRN.
Detailed explanation-3: -Shares of Federal Bank Ltd were in focus on Monday following reports of its merger with Kotak Mahindra Bank Ltd.
Detailed explanation-4: -Vysya and Kotak announced (PDF, 349 KB) their intention to merge their respective businesses on 20 November 2014. On 31 March 2015 the Reserve Bank of India has approved this transaction with effect from 1 April 2015.
Detailed explanation-5: -IFSC Code for ING Vysya Bank Thus, the format of ING Vysya Bank’s IFSC code is VYSA0123456.