CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which bank has joined hands with London-based Santander UK Plc in a pact aimed at facilitating the banking requirements of corporates operating across both countries?

A	RBL Bank
B	Federal Bank
C	Yes Bank
D	ICICI Bank

Explanation:

Detailed explanation-1: -ICICI Bank will provide banking solutions across trade, cross-border payments, supply chain, treasury solutions and retail banking to the UK corporates operating in India.

Detailed explanation-2: -The bank has its origins in three constituent companies-Abbey National, Alliance & Leicester and Bradford & Bingley-all former mutual building societies. Abbey National, trading as Abbey, had been bought by the Santander Group in July 2004 for £9 billion.

Detailed explanation-3: -ICICI Bank ties up with Santander for India-UK business ease, BFSI News, ET BFSI.

Detailed explanation-4: -Santander UK plc ("Santander UK") has today (4th August 2010) reached an agreement to acquire the parts of the banking businesses of the Royal Bank of Scotland Group ("RBS") which are carried out through its RBS branches in England and Wales and its NatWest branches in Scotland.

Detailed explanation-5: -ICICI Bank, one of India’s largest private sector banks, announced a tie-up with Santander bank in the UK on Tuesday, aimed at making banking easier for businesses operating in both countries.

There is 1 question to complete.