CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has partnered with ITC to offer rural lending products?
A
SBI
B
Axis Bank
C
RBI
D
ICICI
Explanation: 

Detailed explanation-1: -Axis Bank collaborates with ITC Limited to offer Rural Lending products to farmers. Axis Bank, India’s third largest private sector bank today, announced its collaboration with ITC Limited to offer the Bank’s lending products and services to farmers who are a part of ITC’s agriculture eco-system.

Detailed explanation-2: -On 30 July 2007, UTI Bank changed its name to Axis Bank.

Detailed explanation-3: -Starting 01 April 2022, the minimum balance in your Axis Bank Easy Access Savings Account should be ₹12, 000 for metro and urban locations, ₹5, 000 for Semi Urban and ₹2, 500 for Rural.

Detailed explanation-4: -The Overseas operations of the Bank are spread over eight international offices with branches in Singapore, Dubai (at DIFC), and Gift City-IBU; representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary in London, UK.

There is 1 question to complete.