Banking Awareness

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Which bank has become the first private sector bank to sell Indian gold coins?

Dhanlaxmi Bank

Federal Bank

Karur Vysya Bank

ICICI Bank

Explanation:

Federal Bank

Kerala based private sector lender, Federal Bank has tied up with MMTC Ltd. for distribution of Indian Gold Coins (IGC), the first-Ever national gold offering by the government, which was launched by Prime Minister Narendra Modi In November 2015.
The Federal Bank Limited is a major Indian commercial bank in the private sector, headquartered at Aluva, Kochi, Kerala.

By: Samar Thakur

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