Axis Bank signed MoU with Indian Navy

Current Context: The Axis Bank has signed MoU with the Indian Navy to offer a defence service salary package.

• The name of the defence service salary package is Power Salute.
• Under the Power Salute, the bank will provide various benefits to all ranks of the Indian Navy, veterans, and cadets.
• The benefit includes personal accident cover of up to Rs 56 lakh, Rs 8 lakh children education grant, Rs 46 lakh total permanent disability cover, partial permanent disability cover upto Rs 46 lakh, and Rs 1 crore air accident cover.
• The Power Salute does not charge any processing fees and offers 12 EMI waivers on home loans.
• Static Part: 
• HQ of Axis Bank: Mumbai
• MD and CEO of Axis Bank Amitabh Chaudhry

Question: 

Q.1 Which bank signed MoU with the Indian Navy to offer defence service salary package named Power Salute?
a. Axis Bank
b. Kotak Mahindra Bank
c. SBI
d. ICICI Bank