BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Assist and provide common services to members.
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Promote sound and progressive banking principles and practices.
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Coordinate and co-operate on procedural, legal, technical, administration, professional matters.
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All of the above
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Detailed explanation-1: -IBA Departments. To promote and develop in India sound and progressive banking principles, practices and conventions and to contribute to the developments of creative banking. To render assistance and to provide various common services to Members and to the banking industry.
Detailed explanation-2: -IBA: Indian Banks’ Association.
Detailed explanation-3: -RBI advised that the IBA Code for Banking Practice is in order for uniform adoption by the Member Banks. The IBA Code for Banking Practice thus evolved, is an attempt towards fulfilling the above need under the liberalised and deregulated environment, aiming to promote a healthy relationship between the banks.
Detailed explanation-4: -The BCSBI would function as an independent and autonomous watch dog to monitor and to ensure that the banking codes and standards voluntarily adopted by banks are adhered to, in true spirit by banks in delivering the services, as promised, to their customers.