(A) January 22, 1993
(B) March 15, 1995
(C) April 1, 1999
(D) None of the above
MithaleshEnlightened
RBI announced the guidelines to issue licences to new banks of private sector on :
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Correct Answer
(A) January 22, 1993
Ten banks were licensed on the basis of guidelines issued in January 1993.
About RBI : The Reserve Bank of India (RBI) is the central bank of India and is responsible for the regulation of the country’s monetary policy and the issuance of the Indian rupee. It was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. The headquarters of the RBI is located in Mumbai, and it has regional offices in different cities across India.