2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC Bank
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State Bank of India
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Punjab National Bank
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Kotak Mahindra Bank
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Detailed explanation-1: -Answer: Option B Explanation: The State Bank of India (SBI) will set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad, Telangana which will be operational in six to nine months of on-boarding a consultant.
Detailed explanation-2: -State Bank of India (SBI) plans to set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad in a bid to build in-house capability to bolster its current performance and drive higher top-line growth through innovation. The centre will be operational in six to nine months of on-boarding a consultant.
Detailed explanation-3: -The correct answer is Hyderabad. State Bank of India (SBI) has planned set up an Innovation, Incubation and Acceleration Centre (IIAC) in Hyderabad.
Detailed explanation-4: -State Bank of India (SBI) has launched the Fintech Innovation Incubation Program (FIIP) to promote a culture of Fintech innovation and entrepreneurship in India.
Detailed explanation-5: -The new facility called the ‘SBI Startup Hub’ branch will be located at Koramangala in Bengaluru.