2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Private Sector Bank
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Public Sector Bank
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Small Finance Bank
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Retail Bank
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Detailed explanation-1: -Consolidation of public sector banks not impacted their outreach or inclusive banking efforts, says RBI Deputy Guv Rao. The genesis of financial sector reforms in India could be attributed to the recommendations of the Committee on the Financial System chaired by M Narasimham in 1991.
Detailed explanation-2: -Indian Bank The bank got Rs. 2500 crore worth of capital from the Indian government to complete this merger. On 1st April 2022, the Bank of Baroda (BoB) acquired Vijaya Bank and Dena Bank, bringing the combined employee count to 85, 675 and total branches to 9500+.
Detailed explanation-3: -Currently in India there are 12 banks in number that are nationalised, and their names are Punjab National Bank, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Union Bank of India, Indian Overseas Bank, Punjab, and Sind Bank, Indian Bank, UCO Bank, and Bank of Maharashtra, State Bank Of India.