Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

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Which of the following is not a foreign bank in India?

A.
Citi Bank
B.
Standard Chartered Bank
C.
Federal Bank
D.
HSBC

Solution:

The correct answer is Federal Bank. Federal Bank Limited is the major Indian commercial bank and headquartered in Aluva, Kochi. Federal Bank was founded on 23 April 1931 as Travancore Federal Bank. Federal Bank was founded by K. P. Hormis. The Federal bank has more than 1200 branches spread across different states in India. Additional Information The bank also has its Representative Offices abroad in Dubai and Abu Dhabi. After completing the formalities of the Banking Regulation Act, 1949, The bank name was named Federal Bank Limited on 2 December 1949.

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