GENERAL KNOWLEDGE

Detailed explanation-1: -South Indian Bank was registered in 1929 under the Companies Act. It commenced business on 29 January 1929 at Round South, Thrissur. It was included in the second schedule of the Reserve Bank of India and became a scheduled Bank on 7 August 1946.

Detailed explanation-2: -Saraswat Co-operative Bank, the biggest cooperative bank in the country, has taken over Mumbai-based The South Indian Co-operative Bank, offering huge relief to about 66, 000 depositors.