Question

Which of the following was the first private bank in kerala ?
A) Bank of travancore
B) Nedungadi Bank
C) Imperial Bank
D) Chartered Bank

Answer 1

Hint:
 T M Appu nedungadi set up the nedungadi bank in kerala. It is not only the first private bank of kerala but also the first private bank of the whole south india. It was incorporated in 1913.

Complete step by step solution:
Nedungadi bank is a big step for finance inclusion in kerala. It acquired Kochi national bank in 1964. The bank started with 174 branches in all metropolitan cities like delhi, calcutta, mumbai etc but punjab national bank acquired it in 2003. At that time its shares were valued at zero because of this the shareholder could not get any payment for their share.

Factors of emerge bank-
1) Asset quality
2) Branch presence
3) Capital base
4) Regional strength
5) Acquisition of public sector bank
6) Stock performance

Regional banking is the best way of finance inclusion. This ensures that every person takes advantage of banking facilities. It aims that loans can easily get loans to small marginal farmers. Those who are engaged in small industries can get loans at affordable rates. Regional banks have played an important role in women empowerment in remote areas of India due to which women are playing an important role in small industries.

So option B is the correct answer.

Note:
Regional banks are based on friendly service, better rates, fewer fees and easy to access. It was established by the central government to enhance banking facilities to rural areas. An important example of this is the Pradhan Mantri Jan Dhan Yojana run by the Government of India. The most important function of this scheme is to promote financial inclusion.