Which is India’s second-largest bank?
a) State Bank of India
b) ICICI Bank
c) Bank of Baroda
ICICI Bank is India’s second-largest bank with total assets of about Rs 112,024 crore and a network of about 450 branches and offices and about 1,750 ATMs. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly owned subsidiary. ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.
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India’s first ever floating ATM on a boat :
The State Bank of India has launched the idea of a floating ATM that will take banking to the people, especially the tourists, who flock to Kerala, God’s Own Country.
The ATM has already been fitted on a ferry and is undergoing trial runs. The code division multiple access (CDMA) technology is used for keeping it operational. The floating boat with the ATM on board will berth at jetties in Kerala’s huge backwaters through which hundreds of thousands of people travel daily. The floating ATM will also touch hotels, resorts and places of worship along the waterfronts.