Indias largest lender State Bank of India (SBI) has signed an agreement worth 4, 200 crore rupees ( $625 million) with which International Organization to support its grid connected rooftop solar photovoltaic (GRPV) programme

2016

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

India’s largest lender State Bank of India (SBI) has signed an agreement worth 4, 200 crore rupees ( $625 million) with which International Organization to support its grid connected rooftop solar photovoltaic (GRPV) programme

A	IMF
B	ADB
C	AIIB
D	World Bank

Explanation:

Detailed explanation-1: -State Bank of India (SBI) and the World Bank have inked agreements for a $625 million (around Rs 4, 200 crore) facility to support grid-connected rooftop solar programme (GRPV) in the country.

Detailed explanation-2: -This brought into SBI the 50 largest banks in the world. These associate banks included State Bank of Jaipur, Bikaner, Mysore, Travancore, Hyderabad, and Patiala. The sixth bank was the Bharatiya Mahila Bank. Although the banks were merged, the shares of this associate were termed as individual entities.

Detailed explanation-3: -It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market.

Detailed explanation-4: -The merged entity will become a banking behemoth with an asset base of about Rs 37 lakh crore with 22, 500 branches and 58, 000 ATMs. The merged will also have over 50 crore customers. SBI first merged State Bank of Saurashtra with itself in 2008.

Detailed explanation-5: -State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai.

There is 1 question to complete.