2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PPBL
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HDFC Bank
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PPB
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PNB
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Detailed explanation-1: -Paytm Bank ties up with Suryoday Small Finance Bank to offer fixed-deposit services.
Detailed explanation-2: -Mr. Baskar Babu Ramachandran is the Managing Director and Chief Executive Officer of the Bank.
Detailed explanation-3: -Babu, the founder and MD & CEO of Suryoday SFB, sold bank’s 50 lakh shares on December 16 for ₹55.44 crore to close a loan for exercising warrants to maintain the promoter’s stake at the minimum of 26 per cent for the first 5 years (up to January 22, 2022) as per RBI regulations.
Detailed explanation-4: -Suryoday Bank will partner Kyndryl to drive its technology transformation program, improve operational efficiency, and increase digital banking adoption among its customers as part of a five-year transformation deal.
Detailed explanation-5: -Suryoday Small Finance Bank Limited commences operations The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.