Discussion
RBI has released the on tap universal banking license excluding which group as eligible entities from the purview?
Answer: C
Correct answer: Large industrial houses
Large industrial houses were excluded from eligibility under the on-tap universal banking licensing guidelines of 2016.
The concern is connected lending: a bank owned by an industrial group may direct credit to its promoters' own businesses, at terms the market would not offer, and the depositors bear the risk. The conflict is difficult to police through supervision alone, so the RBI has consistently kept large corporate groups out of bank ownership - while permitting them to hold small stakes and to run non-banking financial companies.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development