New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the "Indian Banks' Association (IBA)"?

    A A self-regulatory body for banks in India Correct Answer Incorrect Answer
    B An association of bank employees in India Correct Answer Incorrect Answer
    C A non-profit organization promoting financial inclusion in India Correct Answer Incorrect Answer
    D An association of banks in India for promoting their common interests Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The "Indian Banks' Association (IBA)" is an association of banks in India for promoting their common interests. The IBA was established in 1946 and represents the banking industry in various forums and negotiations with the government, regulators, and trade unions. The IBA also acts as a platform for banks to share information and best practices, and to collaborate on various initiatives, such as technology adoption, risk management, and customer service. Therefore, option D is correct.

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