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Which Bank obtained RBI's in-principle Nod to Set up Non-Financial Subsidiary?
A)
Central Bank of India
B)
State Bank of India
C)
Union Bank of India
D)
South Indian Bank

Correct Answer :   South Indian Bank


South Indian Bank(SIB) has obtained in-principle approval from the Reserve Bank of India(RBI) to set up a wholly owned non- financial subsidiary for undertaking activities permitted by RBI. After SIB completes the relevant formalities and receives final approval from the regulators the subsidiary will commence its operations.

Published On : July 18, 2021
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