AEPS transactions are normally conducted by BCs service centres. BCs stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Business Commercial
B	Business Condition
C	Branch Correspondents
D	Business Correspondents

Explanation:

Detailed explanation-1: -Therefore anyone can become a Business Correspondents (BC) and open customer accounts at Customer Service Point Kiosk outlet (CSP).

Detailed explanation-2: -Business Correspondents are retail agents engaged by banks for providing banking services at locations other than a bank branch/ATM.

Detailed explanation-3: -Business Correspondent is an extended arm of the Bank Branch who is providing Financial and Banking services to the customers in unbanked and underbanked areas.

Detailed explanation-4: -Commercial Bank of Ceylon PLC (CBC) also known as ComBank is a licensed commercial bank in Sri Lanka and its ownership is private. It was incorporated as a public limited company and it is listed on the Colombo Stock Exchange. It is regarded as the largest private bank in Sri Lanka in terms of net worth and capital.

There is 1 question to complete.