Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1467)

2019-08-03 Banking

1467.

RBI allows this bank to offer regular banking services in India.

Bank of China

DBS Bank

Standard Chartered

China Merchants Bank

Answer: Option

Explanation:

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.