Which bank was recently honored by the Pension Fund Regulatory and Development Authority (PFRDA) for outstanding performance under the Atal Pension Yo

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Which bank was recently honored by the Pension Fund Regulatory and Development Authority (PFRDA) for outstanding performance under the Atal Pension Yojana (APY)?

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The correct answer is Option C: Karnataka Grameena Bank. Karnataka Grameena Bank (KGB) was awarded by the Pension Fund Regulatory and Development Authority (PFRDA) for outstanding performance under the Atal Pension Yojana (APY). KGB achieved 2,49,185 APY enrolments against the target of 1,75,500 accounts, recording an achievement rate of 142%. Karnataka Grameena Bank emerged as the top-performing bank in Karnataka in APY enrolments and pension outreach. The award was presented during the APY Annual Felicitation Program held in New Delhi. The honor was received by Shreekant M. Bhandiwad, Chairman of Karnataka Grameena Bank. The award was conferred by M. Nagaraju, Secretary of the Department of Financial Services (DFS), and S. Ramann, Chairperson of PFRDA. Atal Pension Yojana (APY) is a Union Government-backed pension scheme for workers in the unorganized sector, providing guaranteed pension after 60 years of age. Karnataka Grameena Bank is a Regional Rural Bank (RRB) in Karnataka formed through the amalgamation of two RRBs and plays a major role in rural banking and financial inclusion.

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Karnataka Bank

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Canara Bank

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State Bank of India

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Which bank was recently honored by the Pension Fund Regulatory and Development Authority (PFRDA) for outstanding performance under the Atal Pension Yojana (APY)?

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Which bank was recently honored by the Pension Fund Regulatory and Development Authority (PFRDA) for outstanding performance under the Atal Pension Yojana (APY)?

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