2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of Baroda
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Union Bank Of India
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Exim Bank
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SBI, Shanghai
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Detailed explanation-1: -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. The CNAPS was launched in 2008 by the People’s Bank of China (PBOC).
Detailed explanation-2: -ICICI Bank, India’s largest private sector bank has launched its first branch in China.
Detailed explanation-3: -The Imperial Bank of China (), China’s first modern bank, opened for business in 1897. The bank was organised as a joint-stock firm.
Detailed explanation-4: -What is CNAPS ? China National Advanced Payment System (CNAPS) is an electronic inter-bank clearing system in China for processing Yuan payments. CNAPS number is a 12-digit number used as a clearing code by Chinese banks and is equivalent of a UK sort code.
Detailed explanation-5: -1 Introduction ICICI was the first bank to champion its usage and introduced internet banking to its customers in 1996.