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Banking, with a difference

Which is India's 2nd-largest bank?
Take the Rediff Biz Quiz and find out how much you know about India and its banking services.

1. With which bank did the Barista coffee chain tie up to open Bancafe, the cafes inside banks?
a) ABN Amro
b) HDFC Bank
c) Citibank

2. What is the International Bank for Reconstruction and Development?
a) Asian Development Bank
b) World Bank
c) International Monetary Fund

Wrong! Try again..
Wrong!
The correct answer is World Bank.
The 'World Bank' is the name that has come to be used for the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Together these organisations provide low-interest loans, interest-free credit, and grants to developing countries. Some 10,000 development professionals from nearly every country in the world work in the World Bank's Washington DC headquarters or in its 109 country offices.
Correct!
The 'World Bank' is the name that has come to be used for the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Together these organisations provide low-interest loans, interest-free credit, and grants to developing countries. Some 10,000 development professionals from nearly every country in the world work in the World Bank's Washington DC headquarters or in its 109 country offices.

3. Which is India's second-largest bank?
a) State Bank of India
b) ICICI Bank
c) Bank of Baroda

Wrong! Try again..
Wrong! The correct answer is ICICI Bank.
ICICI Bank is India's second-largest bank with total assets of about Rs 112,024 crore and a network of about 450 branches and offices and about 1,750 ATMs. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly owned subsidiary. ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.
Correct!
ICICI Bank is India's second-largest bank with total assets of about Rs 112,024 crore and a network of about 450 branches and offices and about 1,750 ATMs. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly owned subsidiary. ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.

4. Which bank's Internet banking service is called MyCBOL?
a) Citibank
b) Centurion Bank
c) UTI Bank

Wrong! Try again..
Wrong! The correct answer is Centurion Bank.
MyCBOL stands for My Centurion Bank OnLine. Centurion Bank was promoted by the erstwhile 20th Century Finance Corporation Ltd, which has since amalgamated with the Bank, in association with Keppel Corporation of Singapore. The Bank also has equity participation from International Finance Corporation (Washington) and Asian Development Bank (Manila). Centurion Bank launched its online banking service in June 2002.
Correct!
MyCBOL stands for My Centurion Bank OnLine. Centurion Bank was promoted by the erstwhile 20th Century Finance Corporation Ltd, which has since amalgamated with the Bank, in association with Keppel Corporation of Singapore. The Bank also has equity participation from International Finance Corporation (Washington) and Asian Development Bank (Manila). Centurion Bank launched its online banking service in June 2002.

5. Which bank is set to launch India's first ever floating ATM on a boat in Kerala?
a) ICICI Bank
b) State Bank of India
c) State Bank of Travancore

Wrong! Try again..
Wrong! The correct answer is State Bank of India.
The State Bank of India has launched the idea of a floating ATM that will take banking to the people, especially the tourists, who flock to Kerala, God's Own Country. The ATM has already been fitted on a ferry and is undergoing trial runs. The code division multiple access (CDMA) technology is used for keeping it operational. The floating boat with the ATM on board will berth at jetties in Kerala's huge backwaters through which hundreds of thousands of people travel daily. The floating ATM will also touch hotels, resorts and places of worship along the waterfronts.
Correct!
The State Bank of India has launched the idea of a floating ATM that will take banking to the people, especially the tourists, who flock to Kerala, God's Own Country. The ATM has already been fitted on a ferry and is undergoing trial runs. The code division multiple access (CDMA) technology is used for keeping it operational. The floating boat with the ATM on board will berth at jetties in Kerala's huge backwaters through which hundreds of thousands of people travel daily. The floating ATM will also touch hotels, resorts and places of worship along the waterfronts.

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Compiled by: Priya Ganapati



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