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Question
The private sector commercial banks abide by the rules and regulations established by the
The private sector commercial banks abide by the rules and regulations established by the
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Solution
The correct option is C RBI
Commercial banks can be divided into two types: public sector commercial banks and private sector commercial banks. The public sector commercial banks are owned by the government and operate under the regulation of the Reserve Bank of India (RBI).
The private sector commercial banks are owned by private individuals or companies. However, the private sector commercial banks are also subject to the rules and regulations established by the RBI.
Commercial banks can be divided into two types: public sector commercial banks and private sector commercial banks. The public sector commercial banks are owned by the government and operate under the regulation of the Reserve Bank of India (RBI).
The private sector commercial banks are owned by private individuals or companies. However, the private sector commercial banks are also subject to the rules and regulations established by the RBI.
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