2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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IDBI
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SBI
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PNB
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Detailed explanation-1: -SFMS. Structured Financial Messaging Solution – This is akin to SWIFT. SFMS allows intra / inter bank message transfer. This also provided for transfer of file attached in a secured mode.
Detailed explanation-2: -IDBI Bank Ltd. has inherited a rich legacy from its predecessor entity - Industrial Development Bank of India – which was an apex Development Financial Institution (DFI) in the realm of industry from July 1, 1964 to September 30, 2004.
Detailed explanation-3: -The objective of the IDBI includes: Coordinating, supervising, and controlling the activities of Finacial Institutions like ICICI, LIC, etc. The Collection of resources for other financial institutions and providing financial assistance. Planning and promoting key industries to enhance industrial growth.