CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which organization signed MoU with J & K Grameen Bank to finance 700 JLGs in J & K and Ladakh?
A
NABARD
B
NITI Aayog
C
IRCTC
D
NABCONS
Explanation: 

Detailed explanation-1: -NABARD signs MOU with J&K Grameen Bank to finance 700 JLGs in J&K, Ladakh. Jammu, Aug 11: A Memorandum of Understanding on promotion and financing of 700 JLGs was signed on Thursdayand exchanged between NABARD, J&K Regional Office and Jammu & Kashmir Grameen Bank in the conference hall of NABARD, J&K Regional Office.

Detailed explanation-2: -Exchanging of MoUs between NABARD and JKGB.

Detailed explanation-3: -Government of Jammu & Kashmir holds majority shareholding of 68.18% in the bank as on March 31, 2021. Bank has a network of 957 business units and 1386 ATMs as on July 31, 2021 spread over 18 states and 4 UTs across the country.

Detailed explanation-4: -Jammu : Jammu & Kashmir Bank Ltd faces the prospect of a merger with a public sector bank, most likely the State Bank of India, BTVI, a national business media company reported today.

There is 1 question to complete.