CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The First Public Sector Bank in India to Meet RBI’s EMV Mandate is;
A
Canara Bank
B
Syndicate Bank
C
Indian Overseas Bank
D
Oriental Bank of Commerce
Explanation: 

Detailed explanation-1: -Union Bank of India is the first large public sector bank in the country to have implemented 100% core banking solution.

Detailed explanation-2: -Allahabad Bank is the oldest Public Sector Bank of India. It was established in 1865.

Detailed explanation-3: -Punjab National Bank The bank was established in 1894. PNB bank is merged with OBC Bank and United Bank. The new bank will become the second-largest Public Sector Bank of India with 18 Lakh crore rupees and the second largest in terms of branch network across the country.

Detailed explanation-4: -At present, there are 12 public sector banks in India.

There is 1 question to complete.