2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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HDFC
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HSBC
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BOB
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Detailed explanation-1: -RBI Action on HSBC Bank: The Reserve Bank of India (RBI) has once again taken action against a bank for violating its rules. In the latest case, HSBC Bank has been fined Rs 1.73 crore for violating the Credit Information Company Rules 2006 (CIC Rules).
Detailed explanation-2: -Is HSBC owned by Capital One? No, HSBC is not owned by Capital One, though Capital One acquired most of HSBC’s U.S. credit card business in 2012 for a reported $2.6 billion. HSBC is currently owned by HSBC Holdings plc, which is a public limited company incorporated in England and headquartered in London.
Detailed explanation-3: -Our research highlights how HSBC invests in companies linked to deforestation, fossil fuels, arms & military supply, nuclear weapons and the Myanmar military. It has the worst gender pay gap of any UK bank, pays excessive compensation to executives, and scored a worst rating for Tax Conduct.