Banking Awareness

Static GK (RBI Grade B)

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Which private bank was earlier known as The Kumbakonam Bank Limited?

Tamilnad Mercantile Bank

Federal Bank

South Indian Bank

City Union Bank

Explanation:

City Union Bank
The Kumbakonam Bank Limited, as it was at first called, was incorporated as a limited company on 31^st October 1904.
The bank initially preferred the role of a regional bank in the Thanjavur District Tamil Nadu.
In December 2006, Larsen & Toubro bought 10% of the bank.

By: Samar Thakur

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