BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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P Chidamabram
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C.N.R. Rao Panel
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Bimal Jalan Panel
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Raghuram Rajan
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Detailed explanation-1: -The correct answer is Scrutinize application for a new bank license. Bimal Jalan Panel: The Reserve Bank of India (RBI), in consultation with the government, had set up a six-member committee headed by the former RBI Governor Bimal Jalan to review the economic capital framework of the Reserve Bank of India.
Detailed explanation-2: -The Reserve Bank of India (RBI) issues licences to entities to carry on the business of banking and other businesses in which banking companies may engage, as defined and described in Sections 5 (b) and 6 (1) (a) to (o) of the Banking Regulation Act, 1949, respectively.
Detailed explanation-3: -The Reserve Bank of India (RBI) had issued guidelines for licensing of new banks in the private sector on February 22, 2013. Reserve Bank issued in-principle approval to two applicants and they have since established the banks as per the licences.
Detailed explanation-4: -The opening of branches by banks is governed by the provisions of Section 23 of the Banking Regulation Act, 1949 (the Act).