GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The new privately-owned domestic banks that started functioning with the approval of the RBI as per the issue of guidelines in January 1993 include:
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Bank of Punjab Ltd. (Chandigarh)
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Global Trust Bank Ltd. (Secunderabad)
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Centurion Bank Ltd. (Since amalgamated with HDFC Bank in 2008) (Panaji)
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All of the above
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Explanation:
Detailed explanation-1: -All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks. 2.
Detailed explanation-2: -The system of ‘Annual Financial Inspection’ was introduced in 1992, in place of the earlier system of Annual Financial Review/Financial Inspections.
Detailed explanation-3: -In the RBI Act, 1934, schedule banks are the banks that are listened to in the second schedule. Under this schedule, the banks should raise at least Rs 5 lakhs and capital.
There is 1 question to complete.