Multiple Choice Questions on Recently the government approved Rs 9 300 crore fund infusion in which of the following banks ........ for RBI Grade B Exam Preparation

Back to Main Page

Multiple Choice Questions

Recently the government approved Rs 9 300 crore fund infusion in which of the following banks ........

General Awareness : Finance Indian Economy
    Download Solution PDF

    Recently, the government approved Rs 9,300 crore fund infusion in which of the following banks?

    This questions was previously asked in
    RBI Grade B (9 November 2019)
    View All RBIB Previous Year Papers

    IDBI Bank

    Correct Answer

    Indian Bank 

    Incorrect Answer

    Punjab National Bank 

    Incorrect Answer

    State Bank of India 

    Incorrect Answer

    Canara Bank

    Incorrect Answer
    Explanation:

    Let’s break it down:

    - The government recently gave the thumbs up to a big capital infusion of Rs 9,300 crore.

    - This boost is headed to Punjab National Bank (Option 3) — not IDBI Bank.

    - Here’s why: PNB needed extra funds to shore up its balance sheet and support loan growth.

    - IDBI Bank (Option 1) isn’t the beneficiary here; it had its major government recapitalization earlier and is now partly privatized.

    - Indian Bank (Option 2), State Bank of India (Option 4), and Canara Bank (Option 5) are not in the news right now for this specific capital infusion.

    Correct Answer: Option 3 – Punjab National Bank

    By: Parvesh Mehta
    ProfileResources

    Let's Discuss

    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free