Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.43)

43. 

India's first bank to deploy industrial robotic arms to count currency notes is;

[A]. HDFC Bank
[B]. Axis Bank
[C]. SBI Bank
[D]. ICICI Bank

Answer: Option D

Explanation:

India's ICICI Bank declared to be the first bank in the country to deploy industrial robotic arms to count currency notes. As per Bank's statement, it has deployed 14 machines in 12 cities to help sort more than six million notes on a typical day at its various currency chests. The main aim is to brings in a frictionless and completely mechanized process of note-sorting, leading to higher accuracy and flexibility to handle large volumes continuously.

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