GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has received Banking licenses by Reserve Bank of India in 2014?
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IDFC
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Bandhan
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Both (a) and (b)
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Aditya Birla Nuvo Ltd
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Explanation:
Detailed explanation-1: -Reserve Bank of India-Database. The Reserve Bank of India (RBI) issues licences to entities to carry on the business of banking and other businesses in which banking companies may engage, as defined and described in Sections 5 (b) and 6 (1) (a) to (o) of the Banking Regulation Act, 1949, respectively.
Detailed explanation-2: -The Reserve Bank of India (RBI) issued a Small Finance Bank (SFB) license to the consortium of Centrum Financial Services, and Digital payments platform BharatPe, said two people familiar with the matter.
There is 1 question to complete.