Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 120)
120.
Which bank is opening a representative office in Dubai to enhance its global presence?
South Indian Bank
IDFC First Bank
Axis Bank
Punjab National Bank
Answer: Option
Explanation:
Punjab National Bank (PNB) is expanding its global presence by establishing a representative office in Dubai. This strategic move aims to strengthen PNB's international footprint and is part of its broader strategy to increase profitability through portfolio expansion and revenue diversification. The office, expected to be operational within the current financial year pending regulatory approvals, reflects PNB's commitment to enhancing customer service and fostering business growth in key global markets.
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