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 is a ‘Public Sector Bank’ in India?
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Dena Bank
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IndusInd Bank
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Karnataka Bank
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ING Vysya Bank
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Explanation:
Detailed explanation-1: -Dena Bank was a government-owned bank that in 2019 merged with Bank of Baroda. It was headquartered in Mumbai and had 1, 874 branches. The bank was founded in 1938 as a privately owned Bank. In 1969 the Government of India nationalized Dena Bank.
Detailed explanation-2: -Detailed Solution. The correct answer is option 3, i.e. IDBI Bank.
Detailed explanation-3: -Yes, Indian Bank is a Government Bank. Indian Bank was established in 1907. It is headquartered in Chennai. The Government of India took over the ownership of Indian Bank in 1978.
There is 1 question to complete.