CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not an associate of SBI bank
A
State Bank of Hyderabad
B
State Bank of Mysore
C
State Bank of Patiala
D
State Bank of Bikaner and Jaipur
Explanation: 

Detailed explanation-1: -Former Associate Banks These seven banks were State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore (SBN), State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of Saurashtra (SBS) and State Bank of Travancore (SBT).

Detailed explanation-2: -The Union Cabinet earlier this month approved the merger of State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad with SBI. The merger will create a bigger SBI that will account for nearly a quarter of all outstanding loans in the country.

Detailed explanation-3: -An associate bank is simply a bank that shares customers with other banks.

There is 1 question to complete.