Which among the following is not a public sector bank?
Answer: B
The City Union Bank is a private sector bank. The bank 'The Kumbakonam Bank Limited', as it was called then, was organized as a limited company on the 31st of October, 1904. In the beginning it was a regional bank but steadily built for itself a place in the Delta District of Thanjavur.
Which bank was united with the Punjab National Bank in 1993?
Answer: C
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Which bank was baptised as the State Bank of India?
Answer: B
The Imperial Bank of India was baptised as State Bank of India followed by the formation of 7 associate banks in 1959. Recognising the fact that banking plays a crucial role in the economic development of a country, the Government of India nationalised 14 major commercial banks in July 1969. Another six commercial banks were nationalised in April 1980 in order to bring commercial banks into the mainstream of economic development with definite social obligations and objectives.
Imperial Bank of India was nationalised in _______.
Answer: B
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In which year was the Banking Regulation Act passed?
Answer: A
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