Which was the first Indian bank to open an international branch?
August 25, 2003 13:03 IST
Banks
Which was the first Indian bank to open an international branch and where? Take the Rediff Biz Quiz and find out how much you know about banks and India.
1. Which was the first Indian bank to open an international branch and where? a) State Bank of India in New York b) Bank of India in London c) Canara Bank in Paris
Wrong! Try again..
Wrong! The correct answer is Bank of India in London. Bank of India was founded in 1906 in Mumbai. It became the first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974.
Correct! Bank of India was founded in 1906 in Mumbai. It became the first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974.
2. Which is the largest commercial bank in India? a) SBI b) ICICI c) HDFC
Wrong! Try again..
Wrong! The correct answer is SBI. The State Bank of India is India's largest commercial bank and is ranked one of the top five banks worldwide. It serves 90 million customers through a network of 9,000 branches and it offers -- either directly or through subsidiaries -- a wide range of banking services.
Correct! The State Bank of India is India's largest commercial bank and is ranked one of the top five banks worldwide. It serves 90 million customers through a network of 9,000 branches and it offers -- either directly or through subsidiaries -- a wide range of banking services.
3. Which bank was founded in 1906 at the temple town of Udupi and is today among one of India's largest banks? a) Bank of Karnataka b) Corporation Bank c) Bank of India
Wrong! Try again..
Wrong!The correct answer is Corporation Bank. Corporation Bank was founded by a group of philanthropists in Udupi in Dakshina Kannada District. Today it is one of the oldest and largest commercial banks of the country. The bank was nationalised in 1980 and has 617 branches and 42 extension counters spread over 17 states and two union territories.
Correct! Corporation Bank was founded by a group of philanthropists in Udupi in Dakshina Kannada District. Today it is one of the oldest and largest commercial banks of the country. The bank was nationalised in 1980 and has 617 branches and 42 extension counters spread over 17 states and two union territories.
4. When were banks in India nationalised? a) 1969 b) 1973 c) 1971
Wrong! Try again..
Wrong!The correct answer is1969. Indira Gandhi, the then Prime Minister of India, was the force behind the nationalisation of the banks in India. The government nationalised 14 major private commercial banks in 1969 and six more in 1980. The ownership of the state gave a new confidence to the savers. Banking then ceased to be selective and reached all sections of society.
Correct! Indira Gandhi, the then Prime Minister of India, was the force behind the nationalisation of the banks in India. The government nationalised 14 major private commercial banks in 1969 and six more in 1980. The ownership of the state gave a new confidence to the savers. Banking then ceased to be selective and reached all sections of society.
5. Rana Talwar, who is now the head of Sabre Capital, was formerly the CEO of which bank? a) Centurion Bank b) Standard Chartered Plc c) Citibank
Wrong! Try again..
Wrong! The correct answer is Standard Chartered Plc. Rana Talwar was the worldwide group chief executive of Standard Chartered Plc, before launching a new venture called Sabre Capital Worldwide. He announced his entry into the asset management business in association with Samir Arora, who quit Alliance Capital as its head, Asian Emerging Markets to join Sabre.
Correct! Rana Talwar was the worldwide group chief executive of Standard Chartered Plc, before launching a new venture called Sabre Capital Worldwide. He announced his entry into the asset management business in association with Samir Arora, who quit Alliance Capital as its head, Asian Emerging Markets to join Sabre.
