CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many DCBs will be merged to form Kerala Bank?
A
12
B
13
C
11
D
14
Explanation: 

Detailed explanation-1: -Reserve Bank of India had permitted the merger of all 14 district cooperative banks for the establishment of Kerala Bank which was founded in November 2019.

Detailed explanation-2: -26 December 2022, 09:53 AM IST. Thiruvananthapuram: The government has taken measures to merge Malappuram District Cooperative Bank (DCB) with Kerala Bank.

Detailed explanation-3: -The origins of the Kerala State Co-operative Bank, which, with the amalgamation of 13 District Co-operative Banks, has been transformed as the Kerala Bank, can be traced to early 20th century.

Detailed explanation-4: -At present all the 14 District Cooperative Banks in the State and the Government of Kerala are the members and Shareholders of the Bank.

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