In 2019, the Reserve Bank of India (RBI) turned down which of the following bank's proposal to change…
The RBI declined IDBI Bank's request to change its name. IDBI's board noted the regulator's refusal at its meeting on 19 March 2019. This concerned the bank's proposed…
Choose your answer
In 2019, the Reserve Bank of India (RBI) turned down which of the following bank's proposal to change its name?
Answer and explanation
Correct answer A
The RBI declined IDBI Bank's request to change its name. IDBI's board noted the regulator's refusal at its meeting on 19 March 2019. This concerned the bank's proposed change of corporate name, rather than a change in the name of Dena Bank, Bank of Baroda or Vijaya Bank.
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