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?
    A Punjab National Bank Correct Answer Incorrect Answer
    B Indian Overseas Bank Correct Answer Incorrect Answer
    C Bank of Baroda Correct Answer Incorrect Answer
    D State Bank of India Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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