Multiple choice general knowledge history

Which bank operates on behalf of the SBI in Nigeria and was established in 1981?

  1. Indo-Nigerian Syndicate Bank

  2. INMB (Indo-Nigerian Merchant Bank)

  3. Reserve Bank of India

  4. All of the Above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

INMB (Indo-Nigerian Merchant Bank) was established in 1981 as a joint venture between SBI and Nigerian partners to operate SBI's business in Nigeria. It was specifically created to represent SBI's interests in the Nigerian banking sector. The other options are incorrect - Indo-Nigerian Syndicate Bank didn't exist, and RBI is India's central bank, not an overseas operator.