GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which year “Karnataka Bank Limited” was formed?
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1921
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1922
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1923
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1924
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Explanation:
Detailed explanation-1: -Karnataka Bank Limited, a leading ‘A’ Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, a coastal town of Dakshina Kannada district in Karnataka State.
Detailed explanation-2: -Karnataka Bank Ltd was incorporated on February 18 1924 as The Karnataka Bank Ltd at Mangalore in Karnataka. The Bank was established to cater to the banking needs of the South Kanara Region.
Detailed explanation-3: -While Syndicate Bank would be merged with yet another Karnataka-based bank – Canara – a move expected to create fourth largest PSB in India with expected business of 15.20 lakh crore. The move will also create third largest branch network in India, with 10, 342 branches.
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