GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which among the following is the first universal bank of India?
A
HDFC
B
ICICI
C
Axis Bank
D
Federal Bank
Explanation: 

Detailed explanation-1: -ICICI Bank Limited is the first universal bank established in the country.

Detailed explanation-2: -In general, Universal Bank is a name given to banks engaged in diverse kind of banking business which includes not only services related to savings and loans but also investments, offering wide range of financial services, beyond commercial banking and investment banking, insurance etc.

Detailed explanation-3: -Oct 27, 2001-India’s first Universal Bank: Worth it or not?

Detailed explanation-4: -State Bank of India (SBI) is a universal bank. It provides a range of retail banking, corporate banking, and treasury services. The bank serves individuals, corporates, and institutional clients. Its major offerings include deposits services, personal and business banking cards, and loans and financing.

There is 1 question to complete.