BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following organisations/agencies has asked all the banks in India to form customer service panels at branch levels?
|
|
Indian Banks’ Association
|
|
|
Reserve Bank of India (RBI)
|
|
|
Supreme Court of India
|
|
|
Securities & Exchange Board of India (SEBI)
|
Explanation:
Detailed explanation-1: -The IndusInd Bank has been empanelled by the Reserve Bank of India (RBI) to act as an ‘Agency Bank’. As an Agency Bank, IndusInd becomes eligible to carry out transactions related to all kinds of government-led businesses.
Detailed explanation-2: -The Reserve Bank of India carries out the general banking business of the Central and State Governments through its own offices and through the offices of the agency banks appointed under Section 45 of the RBI Act, 1934, by mutual agreement.
Detailed explanation-3: -Detailed Solution. 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.
There is 1 question to complete.