BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Which of the following apex body and regulator has asked banks to swap customer-related information so that the frauds and defaults may be prevented in future?

A	Bombay Stock Exchange (BSE)
B	Indian Banks, Association (IBA)
C	Securities and Exchange Board of India (SEBI)
D	Reserve Bank of India (RBI)

Explanation:

Detailed explanation-1: -The correct answer is NABARD. It is an apex regulatory body for the overall regulation and licensing of regional rural banks and apex cooperative banks in India.

Detailed explanation-2: -Regulator and supervisor of the financial system: Prescribes broad parameters of banking operations within which the country’s banking and financial system functions. Objective: maintain public confidence in the system, protect depositors’ interest and provide cost-effective banking services to the public.

Detailed explanation-3: -The correct answer is the Reserve Bank of India. Reserve Bank of India is the apex banking institution of India that regulates the financial sector.

Detailed explanation-4: -Reserve Bank of India Question 6 Detailed Solution The correct answer is National Housing Bank. National Housing Bank is a subsidiary of RBI. The National Housing Bank (NHB) is India’s apex regulatory authority for housing finance enterprises’ overall regulation and licensing.

There is 1 question to complete.