Question
Which bank intends to launch two new variants of current
accounts, one with a balance of ₹50,000 and another with a balance of ₹50 lakh & also plans to introduce a new savings account called “Parivar” (family) account?Solution
The State Bank of India (SBI) has planned to introduce new variants of current accounts and savings accounts in the fiscal year 2023-24, as it seeks to reduce the gap between deposit growth and credit growth. The bank intends to launch two new variants of current accounts, one with a balance of ₹50,000 and another with a balance of ₹50 lakh. It also plans to introduce a new savings account called “Parivar” (family) account.
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