CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has signed MoU with the BSF under the CAPSP Scheme to offer financial security to the serving and retired personnel?
A
State Bank of India
B
HDFC Bank
C
ICICI Bank
D
Punjab National Bank
Explanation: 

Detailed explanation-1: -Abhishek Mishra. Explanation: The State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the Border Security Force (BSF) to provide solutions for financial security to BSF personnel through the Central Armed Police Salary Package (CAPSP) Scheme.

Detailed explanation-2: -New Delhi, November 19, 2022: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the signing of a Memorandum of Understanding (MoU) with Border Security Force to extend the Baroda Central Forces Salary Package offerings to its serving personnel and pensioners.

Detailed explanation-3: -Banque Saudi Fransi has a branch network of 120 branches. In June 2012 Fitch Ratings has affirmed Banque Saudi Fransi’s (BSF) Long-term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook and Short-term IDR at ‘F1’.

Detailed explanation-4: -Personnel of the following Central Armed Police Forces (CAPFs) can avail of Salary Accounts under Central Armed Police Salary Package. Retired Personnels can also open / convert their accounts in CAPSP – Pension and will be eligible for all benefits mentioned below except Insurance, Overdraft and Xpress Credit.

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