GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Indian Bank
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Syndicate Bank
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Bank of Baroda
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Punjab National Bank
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Detailed explanation-1: -Prathama U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 2 RRBs Viz.
Detailed explanation-2: -Prathama Bank, with head office in Moradabad, Uttar Pradesh was the first RRB. It was sponsored by Syndicate Bank and had an authorised capital of Rs. 5 crore.
Detailed explanation-3: -Notes: Syndicate Bank sponsored Prathama Bank, the first regional rural bank in India by name, in Moradabad district, Uttar Pradesh in 1975.
Detailed explanation-4: -. Sarva U.P. Gramin Bank and Prathama Bank (hereinafter referred to as “the transferor Regional Rural Banks”) sponsored by the Punjab National Bank and Syndicate Bank in the State of Uttar Pradesh are hereby amalgamated into a single Regional Rural Bank which shall be called as Prathama U.P.