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Which bank recently received permission from Reserve Bank of India(RBI) to provide regular bank services in India and included in the Second Schedule of the Reserve Bank of India Act, 1934 ?
  • a)
    Bank of East Asia
  • b)
    Bank of China
  • c)
    Standard Chartered
  • d)
    DBS Bank
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which bank recently received permission from Reserve Bank of India(RBI...
On August 1, 2019, India’s central banking institution, RBI(Reserve Bank of India) has allowed Bank of China (BoC) to provide regular bank services in India. BoC will be included in the Second Schedule of the Reserve Bank of India Act, 1934. Second schedule: All commercial banks including State Bank of India (SBI), HDFC(Housing Development Finance Corporation) Bank, Punjab National Bank (PNB)and ICICI Bank(Industrial Credit and Investment Corporation of India) are in the second schedule. Banks in this schedule have to comply with RBI regulations.Addition: Jan Small Finance Bank Ltd has also been included in the second schedule. Apart from this, the name ‘Royal Bank of Scotland’ has been changed to ‘NatWest Markets Plc’.
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Which bank recently received permission from Reserve Bank of India(RBI) to provide regular bank services in India and included in the Second Schedule of the Reserve Bank of India Act, 1934 ?a)Bank of East Asiab)Bank of Chinac)Standard Charteredd)DBS Banke)None of theseCorrect answer is option 'B'. Can you explain this answer?
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Which bank recently received permission from Reserve Bank of India(RBI) to provide regular bank services in India and included in the Second Schedule of the Reserve Bank of India Act, 1934 ?a)Bank of East Asiab)Bank of Chinac)Standard Charteredd)DBS Banke)None of theseCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which bank recently received permission from Reserve Bank of India(RBI) to provide regular bank services in India and included in the Second Schedule of the Reserve Bank of India Act, 1934 ?a)Bank of East Asiab)Bank of Chinac)Standard Charteredd)DBS Banke)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which bank recently received permission from Reserve Bank of India(RBI) to provide regular bank services in India and included in the Second Schedule of the Reserve Bank of India Act, 1934 ?a)Bank of East Asiab)Bank of Chinac)Standard Charteredd)DBS Banke)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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