Which bank acquired the Union Western Bank in India?
Q. Which among the following acquired the United Western Bank in the year 2006?- Published on 16 Feb 17a. IDBI
b. Union Bank of India
c. State Bank of India
d. Allahabad Bank
ANSWER: IDBI
IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India.
It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.
It is currently 10th largest development bank in the world in terms of reach, with 3350 ATMs, 1853 branches, including one overseas branch at Dubai and 1382 centers.
IDBI Bank
Founded : July 1964; 52 years ago
Headquarter : Mumbai India
Current Head : Mr. Kishor Kharat (MD & CEO)
