Question : Which of the following institutions is responsible for regulating and supervising the functioning of universal banks in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Securities and Exchange Board of India (SEBI)
Option 3: National Bank for Agriculture and Rural Development (NABARD)
Option 4: None of the above
Correct Answer: Reserve Bank of India (RBI)
Solution : The correct answer is (a) Reserve Bank of India (RBI)
The correct institution responsible for regulating and supervising the functioning of universal banks in India is the Reserve Bank of India (RBI). Universal banks in India are commercial banks that offer a wide range of financial services, including accepting deposits, providing loans, offering investment services, and conducting other banking activities.
The RBI is the central banking institution in India and the primary regulatory authority for banks. It formulates and implements regulations and guidelines to ensure the stability, soundness, and efficient functioning of the banking system. The RBI issues licenses to banks, sets prudential norms, supervises their operations, and oversees aspects such as capital adequacy, liquidity management, risk management, governance, and compliance with regulatory requirements.
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Question : Which of the following institutions is responsible for regulating and supervising the functioning of regional rural banks in India?
Option 2: National Bank for Agriculture and Rural Development (NABARD)
Option 3: Securities and Exchange Board of India (SEBI)
Question : Which of the following institutions is responsible for regulating and supervising the functioning of co-operative banks in India?
Question : Which of the following institutions is responsible for regulating and supervising the functioning of microfinance institutions in India?
Question : Which of the following institutions regulates and supervises the functioning of commercial banks in India?
Option 4: Small Industries Development Bank of India (SIDBI)
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