CURRENT AFFAIRS

Detailed explanation-1: -Q. Which bank was recently awarded ‘Asian Bank of the Year’ at the IFR Asia Awards 2021? Notes: India’s third-largest private sector bank, Axis Bank has been awarded IFR Asia’s Asian Bank of The Year, for its breadth of coverage and depth of expertise in the Asian investment banking space.

Detailed explanation-2: -UPSC Mains. Q. Which Indian bank has been awarded IFR Asia’s Asian Bank of The Year? Notes: India’s third-largest private sector bank, Axis Bank, has been awarded IFR Asia’s Asian Bank of The Year, to acknowledge its performance in equity and debt issuance.

Detailed explanation-3: -The third largest private bank of India ,Axis bank was chosen as the IFR Asia’s Asian Bank of the Year . The International Financing Review (IFR) awards are regarded as one of the most coveted recognitions in the banking and capital markets industry.

Detailed explanation-4: -DBS Bank has been voted ‘India’s Best International Bank 2021’ by Asiamoney.

Detailed explanation-5: -ICICI Bank has been adjudged the ‘Best Retail Bank in India’ at ‘The Asian Banker Excellence in Retail Financial Services International Awards, 2021’. This is the eighth year in a row that the Bank has won this award. The Bank has emerged a winner in two other categories among all Asian banks.