Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 164)
164.
What financial product did the Reserve Bank of India (RBI) direct the Federal Bank and South Indian Bank to stop issuing new co-branded versions of?
Answer: Option
Explanation:
The Reserve Bank of India (RBI) directed the Federal Bank and South Indian Bank to stop issuing new co-branded credit cards, as per the regulatory norms issued on March 7th. This directive applies specifically to credit cards and not other financial products like debit cards, personal loans, or savings accounts.
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