The Reserve Bank of India, regulates the commercial banks in matters of |
1. Liquidity of assets |
2. Branch expansion |
3. Merger of banks |
4. winding-up of banks |
Select the correct answer using the codes given below. |
A) 1 and 4 only
B) 2, 3 and 4 only
C) 1, 2 and 3 only
D) 1, 2, 3 and 4
Correct Answer: D
Solution :
[d] To do a business of commercial banking in India, whether it is Indian or Foreign, a license from RBI is required. Opening of Branches is handled by the Branch Authorization Policy. This policy was made easier in recent times and an important provision is that: Indian banks no longer require a license from the Reserve Bank for opening a branch at a place with population of below 50,000.You need to login to perform this action.
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