Banking Institutions and History

This is a specific knowledge question about bank advertising slogans. The tagline 'Consistency! Compatibility! Credibility!' is associated with Oriental Bank of Commerce's branding campaign.

NABARD (National Bank for Agriculture and Rural Development) was established in 1982 during the Seventh Five Year Plan period to provide credit facilities for agriculture and rural development activities.

ICICI Bank became the first Indian commercial bank to provide mobile ATM services. This innovation allowed ATMs to be transported to different locations, especially useful during emergencies, festivals, or in areas with limited banking infrastructure. The other banks listed did not pioneer this service.

IDBI (Industrial Development Bank of India) is the apex organization for industrial finance in India. It was established to provide financial assistance for industrial development and acts as the coordinator at the national level for institutional finance. RBI is the central bank, while ICICI and IFCI are other development banks but not the apex institution.

Karnataka has the highest number of public sector bank branches due to its robust banking infrastructure, with Bangalore serving as a major financial and technological hub. The state's strong economic development and urbanization have attracted significant banking presence compared to other states.

State Bank of India (SBI) was the first Indian bank to open a branch in China, establishing its presence in Shanghai in the 1990s, leveraging its position as India's largest bank with strong government backing and international experience.

NABARD (National Bank for Agriculture and Rural Development) is the apex institution specifically established to provide credit and financial support for agriculture and rural development. Unlike SBI or IFC, NABARD's mandate is exclusively focused on agricultural and rural finance.

Option (4) is the correct answer.

With Central Bank of Sri Lanka RBI signed a US $400 million currency swap agreement in March 2015

Option (3) is the correct answer.

Option (1) is the correct answer.

Punjab National Bank (PNB) was founded in 1895 and celebrated its centenary in 1995. It was the first Indian bank to be started solely with Indian capital and ownership. State Bank of India is older (1806 as Bank of Calcutta), Syndicate Bank was founded in 1925, and Canara Bank in 1906. The question specifically asks about the centenary in 1995, which matches PNB's founding year.

Life Insurance Corporation (LIC) was established in 1956 and celebrated its 50th year of formation in 2006. It is India's largest state-owned insurance company. UTI was established in 1964, GIC in 1972, and NABARD in 1982, making them younger than 50 years in 2006.