Analyzing Statements About Indian Banks
The question asks to identify the statement that is NOT correct regarding banks in India.
Statement Analysis
- Statement 1: Mobile ATM was first introduced by ICICI bank. This statement is factually correct. ICICI Bank pioneered the concept of mobile ATMs in India.
- Statement 2: Allahabad Bank is the oldest public sector bank of India. While Allahabad Bank was one of the oldest entities, following its merger with Indian Bank, its historical context often places it as the oldest public sector bank. This statement is generally considered correct in this context.
- Statement 3: SBI has the maximum number of branches all over India. This is correct. The State Bank of India (SBI) operates the largest network of bank branches across India.
- Statement 4: Reserve Bank of India is private bank of India. This statement is incorrect. The Reserve Bank of India (RBI) is the central bank of India, established by the Government. It was nationalized in 1949 and is a public institution, not a private bank.
Conclusion
Based on the analysis, the statement that is NOT correct is that the Reserve Bank of India is a private bank.
Similar Questions
- Origin of State Bank of India (SBI) goes back to the year:
- The World Bank has tied up with which bank to enable secondary bond trading recorded on Blockchain?
- Which committee was constituted for banking sector reforms?
- Which of following is an incorrect statement about payment banks?
- Which of the following is NOT a public sector bank?
- Which of the following banks merged with Bank of Baroda in 2019?
What was the initial corpus of the Rural Infrastructure Development Fund (RIDF) when it was established in 1995-96?
Important Questions from Banking
The base financial year for the calculation of the all India Index of Industrial Production (IIP) is:
Which two entities collaborated to launch the FIRST EA₹N Credit Card?
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
What is the primary objective of the renewed partnership between SBI Payments and Pine Labs?
