2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Name the India’s largest bank which has signed an MoU with the Bank of China to boost business opportunities.
|
|
Canara Bank
|
|
|
State Bank of India
|
|
|
ICICI Bank
|
|
|
Bank of India
|
Explanation:
Detailed explanation-1: -India’s largest bank State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the world’s third-largest lender by capital size, Bank of China , to enhance business synergies between them, reports Press Trust of India (PTI).
Detailed explanation-2: -Detailed Solution. The SBI’s Shanghai branch is now connected to China’s National Advance Payment System (CNAPS), becoming the first Indian Bank to operationalise it.
Detailed explanation-3: -State Bank of India (SBI) is the oldest bank in India. State Bank of India is also the largest bank in India.
There is 1 question to complete.