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?
Debit Cards
Personal Loans
Savings Accounts
Credit Cards
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.
Discussion:
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