GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following bank has tied up with Chinese ecommerce giant Alibaba to provide easier trade finance to small and medium enterprises (SMEs) in the country?
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SBI Bank
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Axis Bank
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ICICI Bank
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HDFC Bank
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Explanation:
Detailed explanation-1: -Trade finance is process of financing commerce, i.e. both domestic and international trade based transactions. It comprises a seller, a buyer along with other service providing institutions to facilitate transactions such as banks, insurers, credit rating agencies etc.
Detailed explanation-2: -As of March 2021, with total assets of more than 15 trillion Indian rupees, HDFC Bank is the largest private sector bank in India. If we consider both the public sector banks and private sector banks, then, State Bank of India (SBI) is the largest bank in India having assets worth more than 40 trillion Indian rupees.
There is 1 question to complete.