2023
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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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BOB
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PNB
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Detailed explanation-1: -The Reserve Bank of India (RBI) has called a meeting of the board of directors of all banks-state-run, private, and foreign-on May 29 to primarily discuss “issues related to governance, ethics, the role of the boards, and supervisory expectations”, a top source told Business Standard.
Detailed explanation-2: -The Reserve Bank of India, chiefly known as RBI, is India’s central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India.
Detailed explanation-3: -The P J Nayak Committee or officially the Committee to Review Governance of Boards of Banks in India was set up by the Reserve Bank of India (RBI) to review the governance of the board of banks in India.
Detailed explanation-4: -The Reserve Bank of India is the backbone of the Financial System of the country. It has been entrusted by the people and the Government to control, supervise and promote the flow of money in the market.