BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banking Codes and Standards Board of India
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Banking Credit and Standards Board of India
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Banking Codes and Service Board of India
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Banking Credit and Service Board of India
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Detailed explanation-1: -Main aims. To plan, evolve, prepare, develop, promote and publish voluntary, comprehensive Code and Standards for banks, to provide fair treatment to their customers. To function as an independent and autonomous watchdog to monitor and ensure that the Codes and Standards are adhered to.
Detailed explanation-2: -This is a Code of Customer Rights, which sets minimum standards of banking practices member banks have to follow while they deal with individual customers.
Detailed explanation-3: -The Banking Codes and Standards Board of India is an autonomous and independent body set up by the Reserve Bank. BCSBI is mandated to evolve Codes and Standards for banks to follow while dealing with their customers so as to ensure that the customers are enabled certain minimum standards of customer service.