CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Indian Navy has signed a Memorandum of Understanding (MoU) with which bank for all its personnel-both serving and retired?
A
SBI
B
Kotak Mahindra Bank
C
HDFC
D
ICICI
Explanation: 

Detailed explanation-1: -Mumbai, 31 January 2023: Union Bank of India signed Memorandum of Understanding with Indian Navy for Salary Accounts of their employees’ including Agniveers on 30 January 2023.

Detailed explanation-2: -Detailed Solution. The correct answer is State Bank of India.

Detailed explanation-3: -Axis Bank signed an MoU with the Indian Navy to offer a defence service salary package under ‘’Power Salute” at New Delhi.

Detailed explanation-4: -This MoU is a part of the bank’s ‘Power Salute’ initiative. India’s third largest private lender Axis Bank on Wednesday signed a Memorandum of Understanding (MoU) with the Indian Coast Guard to roll out a defence service salary package with added benefits and features.

Detailed explanation-5: -Overview. IDBI Bank is proud to be associated with the naval branch of the Armed forces of India ‘Indian Navy’.

There is 1 question to complete.