Section 11(3) of the Banning of Unregulated Deposit Schemes Act, 2019 applies to the principal officer…
Section 11(3) places the duty on the principal officer of every banking company, corresponding new bank, "State Bank of India", subsidiary bank, regional rural bank,…
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Section 11(3) of the Banning of Unregulated Deposit Schemes Act, 2019 applies to the principal officer of:
Answer and explanation
Correct answer D
Section 11(3) places the duty on the principal officer of every banking company, corresponding new bank, "State Bank of India", subsidiary bank, regional rural bank, co-operative bank or multi-State co-operative bank. Each of the three named banks is covered.