Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1254)
1254.
Which Bank obtained RBI's in-principle Nod to Set up Non-Financial Subsidiary?
State Bank of India
South Indian Bank
Central Bank of India
Union Bank of India
Answer: Option
Explanation:
South Indian Bank(SIB) has obtained in-principle approval from the Reserve Bank of India(RBI) to set up a wholly owned non- financial subsidiary for undertaking activities permitted by RBI. After SIB completes the relevant formalities and receives final approval from the regulators the subsidiary will commence its operations.
Discussion:
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