Multiple Choice Questions on As per the RBI norms which of the following institutions cannot open a Digital Banking Unit DBU Regi........... for Bihar civil service (BPSC) Preparation

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Multiple Choice Questions

As per the RBI norms which of the following institutions cannot open a Digital Banking Unit DBU Regi...........

Indian Economic System(BPSC) Money and banking
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    As per the RBI norms, which of the following institutions cannot open a Digital Banking Unit (DBU)?

    1. Regional rural banks
    2. Payment banks
    3. Local area banks

    Select the correct code.

    1&2 only

    Incorrect Answer

    2&3 only

    Incorrect Answer

    1&3 only

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:

    All codes are correct.

    • Commercial banks (other than regional rural banks, payment banks and local area banks) with past digital banking experience are permitted to open DBUs in tier 1 to tier 6 centres without having the need to take permission from the RBI in each case. Hence option 4th is correct.

    By: Shubham Tiwari
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