2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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RBI
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ICICI
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PNB
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Detailed explanation-1: -The Reserve Bank acts as an adviser to the Government, whenever called upon to do so, on monetary and banking related matters. The Central Government and State Governments may make rules for the receipt, custody and disbursement of money from the consolidated fund, contingency fund, and public account.
Detailed explanation-2: -Reserve Bank of India (RBI) has announced the empanelment of CSB Bank, a private sector lender as an ‘Agency Bank’.
Detailed explanation-3: -The bank achieved Scheduled Bank - A Class, status by 1975. In Dec 2016, RBI allowed Fairfax Financial Holdings to acquire 51% of the bank and in Feb 2018, Fairfax India (via FIH Mauritius Investments Ltd) acquired 51% of the bank for Rs. 1180 Crores.