The first Universal Bank in the India
AICICI
BHDFC Bank
CState Bank of India
DKotak Mahindra Bank
Answer:
A. ICICI
Read Explanation:
Universal Banking:
- Universal banking refers to a broad based and comprehensive banking activity in which a bank is engaged in diversified banking activities, such banking is known as Universal Banking. (like retail banking, corporate banking, investment banking etc.)
- RH Khan committee recommended concept of universal banking in India
- All type of financial service and fund-based activities are undertaken by a bank under Universal banking.
- Activities : Accepting deposit & granting loans, Investing in securities, Issuing credit cards, Project financing, working capitals, underwriting of shares, foreign exchange operations, insurance etc.
- Eg: SBI, ICICI
- First Universal Bank in the Country: ICICI