Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.369)


Indian Army signed an MoU on the Defence Salary Package with which of the following bank?

[A]. State Bank of India
[B]. Punjab National Bank
[C]. Indian Bank
[D]. Bank of India

Answer: Option B


An MoU was signed between the Indian Army and Punjab National Bank on the Defence Salary Package. The signing ceremony was chaired by the Adjutant General, Lt Gen Ashwani Kumar. Salient features of the improved and updated MoU are free 'RAKSHAK PLUS' Scheme for serving pers and veterans, overdraft facility range from Rs 0.75 to 3.0 lakhs, multicity 'At Par' cheques, instant credit of outstation cheques, preferential allotment of lockers at concessional AMC and free SMS alerts.

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