BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following dominate the organized sector?
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PNB
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Commercial Bank
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Co-operative Bank
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RRBs
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Explanation:
Detailed explanation-1: -The organized sector consists of Reserve Bank of India, Commercial Banks and Cooperative Banks, and Specialized Financial Institutions (IDBI, ICICI, IFC etc).
Detailed explanation-2: -At present, the State Bank of India (SBI) is the biggest commercial bank in India. SBI is a public sector bank and has its headquarters in Mumbai, Maharashtra.
Detailed explanation-3: -The Reserve Bank regulates financial markets within the overarching statutory framework of the Reserve Bank of India Act, 1934, the Government Securities Act, 2006, Foreign Exchange Management Act, 1999, the Bilateral Netting of Qualified Financial Contracts Act, 2020 and the Payment and Settlement Systems Act, 2007.
There is 1 question to complete.