BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many banks are there in India which have been authorized to deal in Foreign Exchange?
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64
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82
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92
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107
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Explanation:
Detailed explanation-1: -As of the year 2022, 46 international banks have established operations in India, as reported by the country’s central bank. A total of 45 international banks operate in India, with most of their roughly 300 branches concentrated in the country’s largest cities.
Detailed explanation-2: -Who is a Category I Authorised Dealer? Category I Authorised Dealers are select banks who can carry out all permissible current and capital account transactions as per directions issued from time to time. There are 106 authorised dealers of Category-I as per the RBI regulations.
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