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Find the bank which obtained in-principle approval from the RBI to set up a wholly owned non- financial subsidiary.
  • a)
    Axis Bank
  • b)
    Yes Bank
  • c)
    South Indian Bank
  • d)
    HDFC Bank
  • e)
    ICICI Bank
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Find the bank which obtained in-principle approval from the RBI to set...
South Indian Bank(SIB) has obtained in-principle approval from the Reserve Bank of India(RBI) to set up a wholly owned non- financial subsidiary for undertaking activities permitted by RBI. After SIB completes the relevant formalities and receives final approval from the regulators the subsidiary will commence its operations.
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Most Upvoted Answer
Find the bank which obtained in-principle approval from the RBI to set...
Private sector lender South Indian Bank(SIB) on Wednesday said the RBI has given an in-principle approval for setting up a wholly owned non-financial subsidiary.
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Community Answer
Find the bank which obtained in-principle approval from the RBI to set...
South Indian bank
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Find the bank which obtained in-principle approval from the RBI to set up a wholly owned non- financial subsidiary.a)Axis Bankb)Yes Bankc)South Indian Bankd)HDFC Banke)ICICI BankCorrect answer is option 'C'. Can you explain this answer?
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