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The new privately-owned domestic banks that started functioning with the approval of the RBI as per the issue of guidelines in January 1993 include:

(i) UTI Bank Ltd. (Registered Office : Ahmedabad)
(ii) IndusInd Bank Ltd. (Pune)
(iii) ICICI Bank Ltd. (Baroda)
(iv) Global Trust Bank Ltd. (Secunderabad)
(v) HDFC Ltd. (Mumbai)
(vi) Centurion Bank Ltd. (Since amalgamated with HDFC Bank in 2008) (Panaji)
(vii) Bank of Punjab Ltd. (Chandigarh)
(viii) Times Bank Ltd. (Faridabad)
(ix) IDBI Bank Ltd. (Indore)
(x) Development Credit Bank Ltd. (Mumbai)

  • A.both (i) and (viii)
  • B.only (ii), (iii), (iv), (v), (vi), (vii), (ix), and (x)
  • C.None of the above
  • D.All the above

Answer: D

Subsequent to the issue of guidelines in January 1993 for the entry of new private sector banks, the RBI granted approval for the setting up of 13 new privately owned domestic banks. Out of these, 10 have already started functioning. These include UTI Bank Ltd. (Registered Office: Ahmedabad); IndusInd Bank Ltd. (Pune); ICICI Bank Ltd. (Baroda); (iv) Global Trust Bank Ltd. (Secunderabad); (v) HDFC Ltd. (Mumbai); Centurion Bank Ltd. (amalgamated with the HDFC Bank in 2008) (Panaji); Bank of Punjab Ltd. (Chandigarh); Times Bank Ltd. (Faridabad); IDBI Bank Ltd. (Indore); Development Credit Bank Ltd. (Mumbai)

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