The Reserve Bank, on April 23, 2015, directed scheduled commercial banks (excluding regional rural banks) to include ..... in all their forms/applications:-

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

The Reserve Bank, on April 23, 2015, directed scheduled commercial banks (excluding regional rural banks) to include ‘ ____ in all their forms/applications:-

A	Address of the bank
B	IFSC CODE
C	TAN
D	Third gender

Explanation:

Detailed explanation-1: -Bank of Ceylon Bank of Nova Scotia Bank of Tokyo – Mitsubishi Ltd. Barclays Bank Plc. BNP Paribas China Trust Commercial Bank Shinhan Bank Citi Bank N.A. Calyon Bank Deutsche Bank DBS Bank Ltd. The Hongkong and Shanghai Banking Corporation Ltd.

Detailed explanation-2: -All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.

Detailed explanation-3: -As described by RBI, there are 11 Non Scheduled State Cooperative Banks and 1500 Non-Scheduled Urban Co-operative Banks.

Detailed explanation-4: -Currently, there are four LABs (Local area banks) functioning as financial institutions, and their activities are governed as per the regulations of RBI.

There is 1 question to complete.