CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is option 2 i.e. Punjab National Bank. Punjab National Bank has launched a campaign to encourage customers to use digital banking channels.

Detailed explanation-2: -Chief Minister Pinarayi Vijayan on Saturday declared Kerala as the first state in the country to go fully digital in its banking service and said this recognition would boost the state economy.

Detailed explanation-3: -When did digital banking start in India? Digital banking started taking shape in India during the late 1990s. ICICI bank was the first one to introduce this service to their retail customers. However, it gained popularity in 1999 with reduced internet charges and increased awareness.

Detailed explanation-4: -This February, the government picked up the idea and made it a national goal to support financial inclusion, when Finance Minister Nirmala Sitharaman announced the establishment of 75 digital banking units (DBUs) across 75 districts in Budget 2022-23.