RBI denies a proposal to change the name of this bank.

2019

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

A	IDBI Bank
B	Yes Bank
C	Dena Bank
D	Vijaya Bank

Explanation:

Detailed explanation-1: -The Reserve Bank of India rejected Religare Finvest Ltd’s proposal to rename itself Care Financial Services and declined to new management status to the existing management - a move that would derail debt restructuring of the finance company, said people aware of the matter.

Detailed explanation-2: -Industrial Development Bank of India Limited.

Detailed explanation-3: -Industrial Reconstruction Bank of India (RBI) was so renamed in place of Industrial Reconstruction Corporation Ltd.

Detailed explanation-4: -Merger of United Western bank with IDBI Ltd. Upon IDBI Ltd. showing interest to take over the said bank towards its further inorganic growth, RBI and Govt. of India amalgamated UWB with IDBI Ltd. in terms of the provisions of Section 45 of the Banking Regulation Act, 1949.

There is 1 question to complete.