BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The Reserve Bank of India licensed Bank of China to operate in India. This will be the____Chinese bank to be operating in the country.
|
|
first
|
|
|
third
|
|
|
fourth
|
|
|
second
|
Explanation:
Detailed explanation-1: -Foreign banks (Foreign Banks) can operate in China either as subsidiaries or branches. A subsidiary of a foreign bank (Foreign Bank Subsidiary) is a separate legal entity from its parent, and as such requires its own governance and risk management, as well as meeting capital and liquidity requirements in China.
Detailed explanation-2: -The SBI’s Shanghai branch is now connected to China’s National Advance Payment System (CNAPS), becoming the first Indian Bank to operationalise it.
Detailed explanation-3: -RBI acts as banker to the Government of Burma and also responsible for note issue in Burma. First Reserve Bank notes issued.
There is 1 question to complete.