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Which bank plans to close the 9 foreign branches as part of rationalisation of overseas operations?
  • a)
    SBI Bank
  • b)
    Axis Bank
  • c)
    HDFC Bank
  • d)
    ICICI Bank
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which bank plans to close the 9 foreign branches as part of rationalis...
The country's largest lender State Bank of India (SBI) is in the process of closing down nine foreign branches as part of rationalisation of overseas operations. SBI has over 190 foreign offices spread across 36 countries. Bank of India also closed down operations in Yangoon and Bostwana, while Bank of Baroda and Indian Overseas Bank shut the Hong Kong branch. In addition, PSBs have also closed down various representative offices.
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Which bank plans to close the 9 foreign branches as part of rationalisation of overseas operations?a)SBI Bankb)Axis Bankc)HDFC Bankd)ICICI BankCorrect answer is option 'A'. Can you explain this answer?
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