First bank to sell Indian gold coins?

Q.  Which bank has become the first private sector bank to sell Indian gold coins?
- Published on 16 Feb 17

a. Dhanlaxmi Bank
b. Federal Bank
c. Karur Vysya Bank
d. ICICI Bank

ANSWER: Federal Bank
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)

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