Arrange the following banks in an increasing order of their year of formation- A. State Bank of India…
Arranging the Indian banking institutions in chronological order of their formation from oldest to newest gives: (B) Imperial Bank of India (1921, formed by amalgamating the…
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Arrange the following banks in an increasing order of their year of formation-
A. State Bank of India
B. Imperial Bank of India
C. Reserve Bank of India
D. Regional Rural Banks
E. Small Finance Bank
Answer and explanation
Correct answer C
Arranging the Indian banking institutions in chronological order of their formation from oldest to newest gives: (B) Imperial Bank of India (1921, formed by amalgamating the three Presidency Banks), (C) Reserve Bank of India (1935, under the RBI Act, 1934), (A) State Bank of India (1955, nationalising the Imperial Bank), (D) Regional Rural Banks (1975), and (E) Small Finance Banks (licensed by RBI in 2015-2016), i.e., B, C, A, D, E.
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UGC NET Commerce