IBPS PO Mains Paper 2023
Interactive Study & Solution Mode
Question 126 of 142
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**.