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 “Union Bank of India” was formed?
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11 November 1907
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11 November 1912
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11 November 1915
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11 November 1919
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Explanation:
Detailed explanation-1: -The Bank, having its headquarters at Mumbai (India), was registered on November 11, 1919 as a limited company. Recently, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from 01.04.2020.
Detailed explanation-2: -Merger of Bank With effect from 1 April 2020, the amalgamation of Andhra Bank and Corporation Bank into the Union Bank of India is completed by the central government under section 9 of Banking Companies Act, 1970/80.
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