GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which year “Karur Vysya Bank” was formed?
A
1910
B
1913
C
1916
D
1920
Explanation: 

Detailed explanation-1: -One such Bank-Karur Vysya Bank-was set up in Karur in 1916 by two great visionaries and illustrious sons of Karur, the Late Shri M A Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar to provide financial support to the traders and agriculturists in and around Karur, a textile town in Tamil Nadu.

Detailed explanation-2: -Venkatrama Chettiar and Late Shri Athi Krishna Chettiar, two veteran businessmen of Karur in 1916. The Board of Directors of the Bank inter alia has been represented by the family members of the promoter-directors since inception. The Bank is presently professionally managed.

Detailed explanation-3: -Karur Vysya Bank is a privately held Indian bank headquartered in Karur in Tamil Nadu. The company operates in four business segments: treasury operations corporate/ wholesale banking operations retail banking operations and other banking operations.

Detailed explanation-4: -To be the preferred choice of stakeholders and deliver value by blending technology with tradition.

There is 1 question to complete.