2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dena Bank
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Bank of Baroda
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Andhra bank
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Federal Bank
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Detailed explanation-1: -“The Bank of Baroda has notified the Office of the Registrar of Banks of its exit from South Africa,” the South African Reserve Bank (SARB) said in a statement, amidst the controversy surrounding the Guptas close links with embattled South African President Jacob Zuma.
Detailed explanation-2: -It is easy to forget just how serious the collapse of the bank was back in 2014. It was unusual in that it raised cash in the money markets instead of from deposits. As the bank headed for trouble, a run was triggered on money market funds, even though African Bank paper was a small part of these.
Detailed explanation-3: -For the most part, businesses are open on weekdays from 8:00 a.m. to 1:00 p.m. and 2:00 p.m. to 4:30 p.m. Offices are closed on Saturdays and Sundays. On Saturdays, shops are open until 1.00 p.m. and banks until 11.00 a.m.