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Central Bank

Banks are req...

Question

Banks are required to take permission from which of the following before opening a new branch?

A

Reserve Bank of India

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B

Securities and Exchange Board of India

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C

Indian Banks Association

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D

All of these

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Solution

The correct option is D All of these
Commercial banks are required to take permission from Reserve bank of India, Securities and Exchange Board of India and Indian Banks Association. Only after getting permission from these organization, a commercial bank can open another branch.

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