Banking Institutions and History

S. Raman served as the Chairman of Canara Bank, one of India's major public sector banks. Canara Bank is headquartered in Bengaluru and is among the oldest nationalized banks in India. The other options listed are also major Indian banks, but S. Raman was specifically associated with Canara Bank.

Correct answer is (3). 

State Bank of Indore was merged with the State Bank of India in August, 2010.

State Bank Subsidiaries were nationalized in 1959.

"We understand your world" is the punch line of HDFC.

IDBI Bank Limited is an Indian financial service company headquartered Mumbai, India. RBI categorised IDBI as an other public sector bank.

There are no branches of Heritage Bank in India.

Correct answer:- 4 Karnataka Bank

As of 2020-21, India has only 12 public sector banks following major consolidation mergers (like PNB+OBC+UNI, etc.). The number 27 might have been accurate historically (before mergers in 2017-2020), but is currently incorrect. The landscape has changed significantly due to government-driven consolidation.

The Reserve Bank of India was established on April 1, 1935, which is nearly 12 years before India's first independence day on August 15, 1947. Therefore, the statement that RBI was established on the first independence day is factually incorrect. RBI was established during British colonial rule as India's central bank.

Head office of Union Bank of India is in Mumbai.

Bank of Baroda's distinctive logo featuring a sun symbol is officially named 'Baroda Sun'. The logo represents the bank's heritage from the Baroda region and symbolizes prosperity, energy, and growth. This branding was adopted as part of the bank's modernization efforts.

Bank of Baroda uses the tagline 'India's International Bank' to highlight its global presence and international operations. The bank has significant international operations with branches across multiple countries. This branding emphasizes its role in facilitating international trade and cross-border banking services.