CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank joined with Punjab Cabinet for the merger of 20 District Central Cooperative Banks (DCCBs)?
A
Punjab State Cooperative Bank (PSCB)
B
State Bank of India
C
Canara Bank
D
Dena Bank
Explanation: 

Detailed explanation-1: -CHANDIGARH:Punjab will be merging 20 District Central Cooperative Banks (DCCBs) with the Punjab State Cooperative Bank to enhance business. Punjab will be merging 20 District Central Cooperative Banks (DCCBs) with the Punjab State Cooperative Bank to enhance business.

Detailed explanation-2: -Chandigarh: Punjab finance minister Harpal Singh Cheema on Thursday urged the Centre to convince Reserve Bank of India (RBI) to approve the state proposal of amalgamation of district cooperative central banks (DCCBs) with the Punjab State Cooperative Bank (PSCB).

Detailed explanation-3: -The proposal for amalgamation of DCCBs with the StCB will be examined by Reserve Bank in consultation with NABARD and the sanction/ approval will be a two-stage process.

There is 1 question to complete.