Which Private bank is the wholly owned subsidiary of Bank of Baroda?

a. Axis Bank

b. Nainital Bank

c. HDFC Bank

d. Bandhan Bank

ANSWER: Nainital Bank

Explanation:

The Nainital Bank Limited (NTB) (known as Nainital Bank) is a scheduled commercial bank founded in 1922.

The bank is a subsidiary of Bank of Baroda, the second largest bank in India.

Nainital Bank was founded by Govind Ballabh Pant.

In 1975, the government-owned Bank of Baroda (BOB), the second largest bank in India, acquired a 98.6% (around 99%) stake in the bank and made it a subsidiary.

Nainital bank is associated with Bank of Baroda, HDFC Bank, LIC, National Insurance Company Limited etc.

Currently, NBL has 125 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.

Nainital Bank

Founded : 1922

Headquarter : Nainital, Uttarakhand

Current Head : Mukesh Sharma (Chairman & CEO)