Question
How many foreign banks operating under the wholly owned
subsidiary (WOS) model have been appointed as agency banks by the RBI as of 2023?Solution
As of 2023, only one foreign bank, DBS Bank India Limited, operating under the wholly owned subsidiary (WOS) model, has been appointed as an agency bank by the RBI. This appointment allows DBS Bank India Limited to conduct government-related transactions. Agency Banks: Includes scheduled public and private sector banks, along with this sole foreign bank operating under the WOS model.
Which of the following statements is/are correct in regards to the Economic Survey of India?
1.It is mandatory for the government to present the ...
What does the “C” in the “CIBIL” credit score stand for?
When was the idea of the Social Security Exchange floated in India?
Under the IFSCA Act financial product means____________.
A Banking Unit shall follow Know Your Customer norms, combating of financing of terrorism and other anti-money laundering requirements, including report...
Which of the following options is not correct in regards to the members of IFSCA?
As per the International Financial Services Centres Authority (Global In-House Centres) Regulations, 2020 if a Global In-House Centre fails to fulfil t...
The Chairperson of the IFSCA Act shall not hold office after he has attained the age of ___________________
Under the newly imposed restrictions by SEBI on the placement of bids for undertaking share buyback through the stock exchange route, a company will n...
As per the SEBI (International Financial Services Centres) Guidelines, 2015 the stock exchanges operating in IFSC may permit dealing in ______________ t...
