Question

Which three public sector lenders have entered recently into a joint venture agreement for setting up a banking subsidiary, India BIA Bank (Malaysia) Bhd, in Malaysia?

• A. Bank of India, Indian Overseas Bank and Andhra Bank
• B. Bank of Baroda, Indian Overseas Bank and Bank of india
• C. Bank of Baroda, Indian Overseas Bank and Andhra Bank
• D. Bank of Baroda, Indian Bank and Andhra Bank

Answer 1

The Correct Option is C

To solve the question of which three public sector lenders recently entered into a joint venture to establish India BIA Bank (Malaysia) Bhd in Malaysia, examine the provided options:

• Bank of India, Indian Overseas Bank and Andhra Bank
• Bank of Baroda, Indian Overseas Bank and Bank of India
• Bank of Baroda, Indian Overseas Bank and Andhra Bank
• Bank of Baroda, Indian Bank and Andhra Bank

The correct combination of banks involved in this joint venture is:

Bank of Baroda, Indian Overseas Bank and Andhra Bank

This decision reflects strategic collaboration among these public sector banks to expand their presence and offer services in Malaysia through the newly formed entity.