BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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which conforms to the requirements of Schedule III of the Banking Regulation Act, 1949
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which has been declared as a scheduled bank by the Government of India
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which has deposits exceeding Rs. 10 crore
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which has its name added to the second schedule of the Reserve Bank of India Act, 1934
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Detailed explanation-1: -All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks. 2.
Detailed explanation-2: -Barclays Bank Plc. BNP Paribas China Trust Commercial Bank Shinhan Bank Citi Bank N.A. Calyon Bank Deutsche Bank DBS Bank Ltd. The Hongkong and Shanghai Banking Corporation Ltd. J.P. Morgan Chase Bank N.A. Krung Thai Bank Public Company Ltd.
Detailed explanation-3: -By definition, any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank. The Schedule consists of those banks which satisfy various parameters, criteria under clause 42 of this act.
Detailed explanation-4: -Detailed Solution. The correct answer is Airtel Payments Bank. The Reserve Bank of India (RBI) on January 05, 2022 announced the inclusion of Airtel Payments Bank in the second schedule of the Reserve Bank of India Act, 1934.
Detailed explanation-5: -First Schedule of RBI Act 1934: A court imposing any fine under this Act may direct that the whole or any part thereof shall be applied in, or towards payment of, the costs of the proceedings.