BCSBI was registered as a society under the.....in February 2006.

BANKING GENERAL KNOWLEDGE

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

BCSBI was registered as a society under the____in February 2006.

A	Companies Act, 1956
B	Societies Registration Act, 1860
C	Banking Regulation Act, 1949
D	Reserve Bank of India Act, 1934

Explanation:

Detailed explanation-1: -The BCSBI was registered on February 18, 2006 in Mumbai under the Societies Registration Act, 1860. The management of the Board has been entrusted to a Governing Council under the Chairmanship of Smt. K.J. Udeshi, a former central banker. Other members of the Governing Council are Shri M.G.

Detailed explanation-2: -Membership of BCSBI is voluntary and open to all scheduled banks.

Detailed explanation-3: -Banking Codes and Standards Board of India (BCSBI) It is “An independent and autonomous watch dog to monitor and ensure that the Banking Codes and Standards adopted by the banks are adhered to in true spirit while delivering their services”.

Detailed explanation-4: -S S Tarapore (Former deputy general of RBI ) came up with an idea to form a committee for the benefit of customer so that they can get better financial services.

There is 1 question to complete.