RBI removed a 7 year old restriction on fresh purchase of which state owned banks shares by foreign investors

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

RBI removed a 7 year old restriction on fresh purchase of which state owned bank’s shares by foreign investors

A	PNB
B	SBI
C	OCI
D	None of the above

Explanation:

Detailed explanation-1: -RBI removes Central Bank of India from Prompt Corrective Action framework | Business News, The Indian Express.

Detailed explanation-2: -Ans: CICs having asset size of below Rs 100 crore are exempted from registration and regulation from the Reserve Bank, except if they wish to make overseas investments in the financial sector.

Detailed explanation-3: -As part of the restrictions, the two cooperative banks cannot grant loans, make any investment, incur any liability–including borrowal of funds and acceptance of fresh deposits, disburse or dispose of properties or assets.

There is 1 question to complete.