Which of the bank has partnered with Athletics Federation of India (AFI) to support women athletes of the country, especially the youngsters.
Current Affairs
Banking
Difficulty: Medium
Choose an option
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AHSBC
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BCiti Bank
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CBNP Paribas
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DDBS Bank India Limited
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EDeutsche Bank
Answer
Correct Answer: HSBC
Explanation
### Concept & Fact
Corporate partnerships play a significant role in funding and developing sports infrastructure and athlete support programs in India.
### Step-by-Step Solution
* The Athletics Federation of India (AFI) sought partnerships to enhance support specifically targeted at women athletes.
* In August 2022, they announced a major collaboration with a leading international bank.
* The bank that stepped forward as a key sponsor to focus on turning the vision into reality by promoting and supporting women athletes in India is HSBC (HSBC India).
### Exam Strategy & Shortcut
For sports sponsorships, large multinational banks often partner with national federations. Associate AFI's initiative for *women athletes* specifically with HSBC.
### Common Pitfall
Assuming major Indian public sector banks are the default sponsors. While they do sponsor sports, this specific high-profile initiative for women's athletics was taken up by the multinational bank HSBC.
### Final Answer
Therefore, the correct answer is **HSBC**.