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Ajay kumar Yadav

· started a discussion

· 1 Months ago

wrong answer (Question:904726.0)

rbi issues banking licence not iba

Question:

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 organizations/agencies issue the licence for the same?

Options:
A)

Securities and Exchange Board of India (SEW)

B)

Indian Institute of Banking and Finance (IIBF)

C)

Indian Banks Association

D)

Registrar of Companies

E)

None of the above

Solution:

Ans: (c)

Indian Banks' Association (IBA), formed on 26 September 1946 as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in Mumbai. With an initial membership representing 22 banks in India in 1946, IBA currently represents 237 banking companies operating in India.

Knowledge Expert

· commented

· 1 Months ago

Dear student
Indian Bank Association is the correct answer here.

Keep learning
Team TR

Knowledge Expert

· commented

· 1 Months ago

Yet to be approved!
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