GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Public sector banks are ____
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Payments Bank
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Non-scheduled banks
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Scheduled commercial banks
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None of these
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Explanation:
Detailed explanation-1: -Axis Bank. Development Credit Bank (DCB Bank Ltd) HDFC Bank. ICICI Bank. IndusInd Bank. Kotak Mahindra Bank. Yes Bank. 11-Mar-2015
Detailed explanation-2: -Scheduled Commercial Banks can be divided into: Scheduled Commercial Public Sector Banks. SBI and its associates. Scheduled Commercial Private Sector Banks.
Detailed explanation-3: -Non-scheduled banks, by definition, are those that do not adhere to the RBI’s regulations. They are not mentioned in the Second Schedule of the RBI Act, 1934, and are therefore deemed incapable of serving and protecting depositors’ interests.
There is 1 question to complete.