BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following banks has been included in the second Schedule to the RBI Act, 1934 with effect from 21st August, 2004 and thus, is the latest entrant in Indian banking as a new generation private sector bank?
|
|
ICICI Bank Limited
|
|
|
HDFC Bank Limited
|
|
|
Kotak Mahindra Bank Limited
|
|
|
Yes Bank Limited
|
Explanation:
Detailed explanation-1: -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-2: -Detailed Solution. The correct answer is Airtel Payments Bank. The Reserve Bank of India (RBI) on January 05, 2022 announced the inclusion of Airtel Payments Bank in the second schedule of the Reserve Bank of India Act, 1934.
Detailed explanation-3: -Scheduled Commercial Banks: Scheduled commercial banks are those banks that are registered under the second schedule of RBI Act, 1934. These include public sector banks, private sector banks, foreign banks, etc.
There is 1 question to complete.