2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State Bank of India
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Canara Bank
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Indian Bank
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United Bank of India
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Detailed explanation-1: -State Bank of India (SBI) is the only authorised bank to issue electoral bonds.
Detailed explanation-2: -Gross bond issuances by Indian banks raised more than Rs 91,000 crore in April-December 2022, more than the previous high of Rs 80,000 crore in financial year 2016-17 (FY17), according to ICRA.
Detailed explanation-3: -In India, the Central Government issues both, treasury bills and bonds or dated securities while the State Governments issue only bonds or dated securities, which are called the State Development Loans (SDLs).
Detailed explanation-4: -Government securities in the form of GPN, bearer bond, stock and BLA are issued by RBI, while the Agency Banks are presently eligible to issue Relief/Savings Bonds in the form of BLA only.
Detailed explanation-5: -Commercial banks, like other business entities, too have liquidity needs. They issue bonds to get more capital to invest money.