Current Affairs Economy & Banking

RBI allows Bank of China to offer regular banking services in India

Category : Economy & Banking

 The Reserve Bank of India (RBI)  allowed “Bank of China” to offer regular banking services in the country. Banks falling under this schedule have to adhere to the norms of the RBI. ‘Bank of China Limited’ has been included in the 2nd Schedule to the Reserve Bank of India Act, 1934.
Source: The Livemint


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