Which of the following banks is specifically mentioned in Section 11(3) of the Banning of Unregulated…
Section 11(3) names the principal officer of every banking company, corresponding new bank, State Bank of India, "subsidiary bank, regional rural bank, co-operative bank or…
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Which of the following banks is specifically mentioned in Section 11(3) of the Banning of Unregulated Deposit Schemes Act, 2019?
Answer and explanation
Correct answer D
Section 11(3) names 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". All three banks are specifically mentioned.