GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which year “Vijaya Bank” was formed?
A
23rd October, 1931
B
23rd October, 1932
C
23rd October, 1933
D
23rd October, 1934
Explanation: 

Detailed explanation-1: -Vijaya Bank and Dena Bank were merged with Bank of Baroda with effect from 1 April 2019. The bank said all customers will now have access to a total of 8, 248 domestic branches and 10, 318 ATMs across the country.

Detailed explanation-2: -All branches of Vijaya Bank and Dena Bank have now become Bank of Baroda branches.

Detailed explanation-3: -The scheme comes into force on the 1st day of April 2019. Consequently, all branches of Vijaya Bank and Dena Bank will function as branches of Bank of Baroda from April 1, 2019. Customers, including depositors of Vijaya Bank and Dena Bank will be treated as customers of Bank of Baroda with effect from April 1, 2019.

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