Multiple choice

From the given options, identify the bank which is seeking qualified full banking status in Singapore. This is for mobilising retail deposits and setting up ATMs.

  1. Bank of Baroda

  2. Canara Bank

  3. Syndicate Bank

  4. State Bank of India
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

State Bank of India was seeking a Qualified Full Banking status in Singapore to mobilize retail deposits and set up ATM networks. Many Indian banks were expanding their international operations during this period, and SBI was one of the most aggressive in pursuing overseas expansion.

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