2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PNB
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BoB
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UCO Bank
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ICICI
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Detailed explanation-1: -The move is aimed at popularising trade in the domestic currency. Kolkata-based UCO Bank was the first Indian bank to receive the RBI’s approval to open a special Vostro account with Russia’s Gazprombank, which was set up by the world’s largest gas producer and exporter, Gazprom.
Detailed explanation-2: -The Reserve Bank of India (RBI) allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade in Rupees with Russia.
Detailed explanation-3: -It is learnt that the Reserve Bank of India (RBI) gave its approval for Russia’s Bank Zenit PJSC to open a special rupee vostro account with state-owned SBI, India’s largest lender.
Detailed explanation-4: -Rupees Five - First Note issued by Reserve Bank of India This was followed by Rs 10 in February, Rs 100 in March and Rs 1,000 and Rs 10,000 in June 1938.
Detailed explanation-5: -Answer. The first private sector bank in India is Indusland Bank.