Which bank has become the first private sector bank to sell Indian gold coins?

a. Dhanlaxmi Bank

b. Federal Bank

c. Karur Vysya Bank

d. ICICI Bank

ANSWER: Federal Bank

Explanation:

Kerala based private sector lender, Federal Bank has tied up with MMTC Ltd. for distribution of Indian Gold Coins (IGC), the first-Ever national gold offering by the government, which was launched by Prime Minister Narendra Modi In November 2015.

The Federal Bank Limited is a major Indian commercial bank in the private sector, headquartered at Aluva, Kochi, Kerala.

Federal Bank

Founded : 1945

Headquarter: Kochi, Kerela, India

Current Head : Shyam Srinivasan (MD & CEO)