Full from of "SBI" , "UBI" , "RBI" , "HDFC" .
Answers
Answer:
RBI names SBI, ICICI and HDFC as systemically important banks. Mumbai: The Reserve Bank of India (RBI) on Thursday named State Bank of India (SBI), ICICI Bank and HDFC Bank as Domestic Systemically Important Banks (D-SIBs), which in other words mean banks that are too big to fail
Explanation:
Reserve bank of india RBI
UBI United Bank of India (UBI) is an Indian government-owned bank headquartered in Kolkata, India.
SBI state bank of India SBI stands for State Bank of India. It is a leading public sector bank in India in terms of assets, deposits, profits, branches, employees, customers etc. Its origin dates back to the first decade of the 19th century. It was formally established on July 1, 1955 by an act of Parliament.
HDFC Housing Development Finance Corporation
The Housing Development Finance Corporation (HDFC) was amongst the first to receive an 'In Principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994
Explanation:
SBI-State bank of India
UBI- United bank of India
RBI- Reserve bank of India
HFDC- Housing Development Finance Corporation