Recently, which of the following bank has has been given approval to open a branch in India offering banking services.

2016

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

A	Qatar National Bank
B	American Express Banking Corp
C	Barclays Bank PLC
D	Calyon Bank

Explanation:

Detailed explanation-1: -The correct answer is State Bank of India.

Detailed explanation-2: -South Indian Bank has received in-principle approval from the Reserve Bank of India to set up a wholly-owned non-financial subsidiary.

Detailed explanation-3: -Latest Trends in Banking in India From the good olden cash withdrawals at counters, to now 24X7 availability of all bank services, to Fintechs revolutionizing payments and lending, Banking has been at the forefront of change brought in by the latest technology and rapid strides taken by the Industry and the Regulators.

Detailed explanation-4: -UCO Bank becomes first lender to get RBI’s approval for rupee trade | Business Standard News.

Detailed explanation-5: -The opening of new branches and shifting of existing branches of banks is governed by the provisions of Section 23 of the Banking Regulation Act, 1949.

There is 1 question to complete.