As per the reports in various newspapers many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organisations/agencies issue the licence for the same?

Securities and Exchange Board of India (SEBI)

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Indian Institute of Banking and Finance (IIBF)

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Indian Banks Association

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Reserve Bank of India

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Solution

The correct option is D Reserve Bank of India
License to launch a banking company in India is issued by Reserve Bank of India. For example, license to launch a banking company in India by private companies is issued by RBI since RBI is the apex bank authority.

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As per the reports in various newspapers many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organisations/agencies issue the licence for the same?

The correct option is D Reserve Bank of IndiaLicense to launch a banking company in India is issued by Reserve Bank of India. For example, license to launch a banking company in India by private companies is issued by RBI since RBI is the apex bank authority.

The correct option is D Reserve Bank of India
License to launch a banking company in India is issued by Reserve Bank of India. For example, license to launch a banking company in India by private companies is issued by RBI since RBI is the apex bank authority.