2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ICICI Bannk
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HDFC
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IDBI
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None of the above
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Detailed explanation-1: -On 15 March 2016 IDBI Bank launched the nation’s first of its kind ‘G-Sec Investment Facility through ATM for Retail Investors’ at the IDBI Bank’s ATM at Corporate Centre Mumbai.
Detailed explanation-2: -The retail customers of the bank can register, one time, for this facility and invest in G-Sec through any of the Bank’s ATMs. Ninad Karpe, director, IDBI Bank, inaugurated the facility at the IDBI Bank’s ATM at Corporate Centre, Mumbai.
Detailed explanation-3: -Industrial Development Bank of India Limited.
Detailed explanation-4: -The merger came into effect on October 03, 2006. Change of name of IDBI Ltd. to IDBI Bank Ltd.
Detailed explanation-5: -The government and LIC together hold 94.72 per cent stake in IDBI Bank.