BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banks without the prior approval of the RBI, cannot
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one a new place of business in India or abroad
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shift otherwise that within the same centers (city/town/village) of the existing place of business
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shift their sole rural branch outside the centre/village is not permitted, as such shifting would render the centre unbanded
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All of the above
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Explanation:
Detailed explanation-1: -In terms of these provisions, banks without the prior approval of the RBI, cannot open a new place of business in India or abroad or change otherwise than within the same city, town or village, the location of the existing place of business.
Detailed explanation-2: -Reserve Bank of India is authorized to issue directives to banks under Section 21 of Banking Regulation Act, 1949 in the interest of depositors, members of public or banking policy.
There is 1 question to complete.