Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.196)

196. 

The First Public Sector Bank in India to Meet RBI's EMV Mandate is;

[A]. Canara Bank
[B]. Syndicate Bank
[C]. Indian Overseas Bank
[D]. Oriental Bank of Commerce

Answer: Option A

Explanation:

ACI Worldwide, a global provider of real-time electronic payment and banking solutions, announced that Canara Bank has successfully rolled out major new functionality to support EMV card acquiring across its ATM network and Aadhaar Authentication, leveraging ACI's UP Retail Payments solution to achieve market firsts. Canara Bank, with nearly 6,300 branches and a network of more than 10,000 ATMs, is the first public sector bank to shift to EMV chip and PIN for card present transactions across the country's vast ATM network.

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