Correct Answer : Kerala
The RBI has given the final approval for the merger of district cooperative banks in Kerala. The combined entity will be called the 'Kerala Bank'.
Correct Answer : Reserve Bank of India
Correct Answer : ICICI Bank
Correct Answer : Deposits
A bank places its funds in assets to earn profits. The assets include investments, loans and advances, money at call and short notice, bills discounted and purchased. It also includes the cash in hand with the banks and also the cash held with the RBI. The liabilities include deposits (both time and demand) and borrowings.
Correct Answer : Advance Loan
A payments bank is like any other bank, but operating on a smaller scale without involving any credit risk. In simple words, it can carry out most banking operations but can’t advance loans or issue credit cards. It can accept demand deposits (up to Rs 1 lakh), offer remittance services, mobile payments/transfers/purchases and other banking services like ATM/debit cards, net banking and third party fund transfers.
Correct Answer : Canada
Correct Answer : 1 September 2018
Correct Answer : 1950
Correct Answer : 11 November 1919
Correct Answer : 6 January 1943
