Podcast
Questions and Answers
What is a requirement for a financial institution to legally carry on a banking business?
What is a requirement for a financial institution to legally carry on a banking business?
- Operating in multiple countries
- Being affiliated with insurance companies
- Obtaining a banking license (correct)
- Having a large customer base
What words are financial institutions not permitted to contain in their name without an appropriate license?
What words are financial institutions not permitted to contain in their name without an appropriate license?
- International
- Bank (correct)
- National
- Investment
What type of license prohibits any local business activities for a financial institution?
What type of license prohibits any local business activities for a financial institution?
- Non-banking financial institution license
- International banking license (correct)
- Full banking license
- Offshore banking license
What is a non-banking financial institution (NBFI)?
What is a non-banking financial institution (NBFI)?
Who typically issues licenses to applicant corporations that meet banking requirements?
Who typically issues licenses to applicant corporations that meet banking requirements?
When did modern banking in India originate?
When did modern banking in India originate?
Which bank is the largest and oldest bank still in existence in India?
Which bank is the largest and oldest bank still in existence in India?
What were the names of the three banks founded by the presidency government in India?
What were the names of the three banks founded by the presidency government in India?
What was the name of the bank formed by the merger of the three presidency banks in 1921?
What was the name of the bank formed by the merger of the three presidency banks in 1921?
When was the Reserve Bank of India established?
When was the Reserve Bank of India established?
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