Q. Recently, which bank became the first private bank to open a branch in Lakshadweep?
Answer:
HDFC bank
Notes: HDFC Bank makes history as the first private bank to establish a branch in India's Lakshadweep, specifically at Kavaratti Island. Previously, only government banks operated in the region. The move aims to enhance banking infrastructure and provide personalized and digital services, with a focus on personal and digital banking. Notably, HDFC plans to introduce unique QR-based transactions for retailers, potentially revolutionizing banking in the island territory.