2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank becomes second bank to get in-principle nod to operate as wholly-owned unit?
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ABN Amro Bank
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DBS Bank
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RBS Bank
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Citibank
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Explanation:
Detailed explanation-1: -The National Housing Bank was set up in India as a wholly-owned subsidiary of Reserve Bank of India(RBI).
Detailed explanation-2: -Oudh Commercial Bank or Awadh Commercial Bank was an Indian bank established in 1881 in Faizabad and operated until 1958 when it failed. It was the first commercial bank in India having limited liability and an entirely Indian board of directors.
Detailed explanation-3: -Citi, unlike other foreign banks, made a conscious effort to penetrate into India’s growing affluent segment though it never accepted the wholly-owned subsidiary route.
There is 1 question to complete.