The Union Finance Minister, on 9 November 2024, inaugurated Nari Shakti Branches of which of the following banks in Bengaluru, Chennai, Visakhapatnam, and Jaipur?

Question

Question

This question was previously asked in

RRB Technician Grade III Official Paper (Held On: 29 Dec, 2024 Shift 1)

Answer 1

The correct answer is Union Bank of India.

Key Points

Union Finance Minister inaugurated Nari Shakti Branches of Union Bank of India on 9 November 2024.
The branches are located in Bengaluru, Chennai, Visakhapatnam, and Jaipur.
Nari Shakti Branches aim to empower women by providing specialized banking services.
The initiative is part of the bank's efforts to promote financial inclusion among women.

Additional Information

Financial Inclusion:
- Financial inclusion refers to making financial services accessible and affordable to all individuals, especially those underserved by the banking sector.
- It aims to ensure that everyone has access to basic financial services like savings, credit, insurance, and pensions.
- Financial inclusion is crucial for reducing poverty and fostering economic growth.
Women Empowerment:
- Women empowerment involves creating an environment where women can make independent decisions for their personal development.
- It includes providing access to education, employment, and financial services.
- Empowered women contribute significantly to the economic and social development of their communities.
Union Bank of India:
- Union Bank of India is one of the largest government-owned banks in India.
- It was established in 1919 and has its headquarters in Mumbai.
- The bank provides a wide range of banking and financial services to its customers.