2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has set up a “RACE” goal as part of its plan to be top 3 PSBs in India?
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Union Bank
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Punjab National Bank
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State Bank of India
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Central Bank
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Explanation:
Detailed explanation-1: -Answer: Option A Explanation: The fifth largest Public Sector Bank in India, the Union Bank has set “RACE” - grow RAM loans, improve Asset quality, increase CASA and increase Earnings - as its goal for the year.
Detailed explanation-2: -State Bank of India was the leading Indian public sector bank based on market capitalization with nearly 3.7 trillion Indian rupees as of October 2022. Bank of Baroda followed, with Canara Bank ranking third that year.
Detailed explanation-3: -Motilal Oswal tracks top 7 PSU banks - State Bank of India, Punjab National Bank, Bank of India, Bank of Baroda, Central Bank, Union Bank and Indian Bank and from the list its top picks are SBI, BoB and Central Bank.
There is 1 question to complete.