BANKING AFFAIRS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With which bank did Sangli Bank merge in 2006?
A
ICICI Bank
B
HDFC Bank
C
Axis Bank
D
SBI
Explanation: 

Detailed explanation-1: -On December 14, 2006, ICICI Bank had announced that its board of directors and those of Sangli Bank at their respective meetings held on December 9, 2006, had approved an all-stock amalgamation of Sangli Bank with itself.

Detailed explanation-2: -The bank entered in Marathwada Area in the year 1966. By opening two branches, one at Beed and another at Parbhani. After 1970, branch expansion took speed and Today, the bank have 35 branches in Sangli, Kolhapur, Solapur, Beed, Parbhani, Latur, Jalna, Hingoli, Pune and Mumbai Districts.

Detailed explanation-3: -Pursuant to the merger of SCICI into ICICI, we became a wholly owned subsidiary of ICICI. The chronology of events since we were incorporated in 1994 is as follows: Change of name Our name was changed from ICICI Banking Corporation Limited to ICICI Bank Limited on September 10, 1999.

Detailed explanation-4: -The Bank of Rajasthan Ltd (Hindi: ) (BSE: / (500019 ) was a private sector bank of India which merged with ICICI Bank in 2010.

There is 1 question to complete.