Question

    Recently PM Modi opens 75 digital banking units, which of the following public sector bank opens highest number of Digital Banking Units?

    A PNB Correct Answer Incorrect Answer
    B SBI Correct Answer Incorrect Answer
    C UBI Correct Answer Incorrect Answer
    D UCO Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    In FY23 Budget speech, Finance Minister Nirmala Sitharaman announced that 75 DBUs would be set up to ensure that the benefits of digital banking reach every nook and corner of the country in the 75th year of Independence. SBI has opened 12 DBUs. Eleven public sector banks, 12 private sector banks and one small finance bank are participating in the endeavour. It said they will spread Digital Financial Literacy and special emphasis will be given to customer education on cyber security awareness and safeguards.

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