Match each bank with its year of incorporation or, for Kotak Mahindra Bank, conversion into a bank. A…
HDFC Bank and ICICI Bank were incorporated in 1994, while Axis Bank was incorporated as UTI Bank in 1993. Kotak Mahindra Finance converted into Kotak Mahindra Bank in 2003.…
Choose your answer
Match each bank with its year of incorporation or, for Kotak Mahindra Bank, conversion into a bank. A year may be used more than once.
| List – I (Name of the Bank) | List – II (Year) |
| 1. HDFC Bank | a. 2003 |
| 2. ICICI Bank | b. 1994 |
| 3. Kotak Mahindra Bank | c. 1993 |
| 4. Axis Bank | d. 2001 |
Answer and explanation
Correct answer C
HDFC Bank and ICICI Bank were incorporated in 1994, while Axis Bank was incorporated as UTI Bank in 1993. Kotak Mahindra Finance converted into Kotak Mahindra Bank in 2003. The matching is therefore 1-b, 2-b, 3-a, 4-c.
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Gujarat SET (GSET)