GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The RBI sanctioned the amalgamation of the Centurion Bank with the HDFC Bank on ____
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March 31, 2009
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May 23, 2008
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June 30, 2009
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August 13, 2008
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Explanation:
Detailed explanation-1: -The Scheme will come into force with effect from May 23, 2008. All the branches of Centurion Bank of Punjab Ltd. will function as branches of HDFC Bank Ltd. with effect from May 23, 2008.
Detailed explanation-2: -On 23 May 2008, HDFC Bank acquired Centurion Bank of Punjab.
Detailed explanation-3: -State Bank of Saurashtra (SBS) a wholly owned subsidiary of the Bank amalgamated with the Bank with effect from August 13 2008.
Detailed explanation-4: -Centurion Bank of Punjab to merge with HDFC Bank-The Economic Times.
There is 1 question to complete.