BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following Bank has received RBI’s approval to buy the securities services arm of IL & FS recently?
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Federal Bank
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IndusInd Bank
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South Indian Bank
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Axis Bank
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Explanation:
Detailed explanation-1: -The Reserve Bank of India (RBI) has, by an order dated June 29, 2022, imposed a monetary penalty of ₹1 crore (Rupees One crore only) on IndusInd Bank Ltd.
Detailed explanation-2: -Bandhan Bank said on Monday that it has been empanelled by the Reserve Bank of India (RBI) to act as an agency bank to facilitate transactions related to government businesses. The RBI’s decision will help Bandhan Bank in contributing to nation-building, its MD and CEO Chandra Sekhar Ghosh said.
Detailed explanation-3: -State Bank to act as agent of the Reserve Bank | State Bank of India Act, 1955 | Bare Acts | Law Library | AdvocateKhoj.
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