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Home Questions & Answers Economics Banking Question Answers The new privately-owned domestic banks that started functioning with the approval of the RBI as per the issue of guidelines in January 1993 include:

    The new privately-owned domestic banks that started functioning with the approval of the RBI as per the issue of guidelines in January 1993 include:

  • (i) UTI Bank Ltd. (Registered Office : Ahmedaba
  • (ii) IndusInd Bank Ltd. (Pun
  • (iii) ICICI Bank Ltd. (Barod
  • (iv) Global Trust Bank Ltd. (Secunderaba
  • (v) HDFC Ltd. (Mumbai)
  • (vi) Centurion Bank Ltd. (Since amalgamated with HDFC Bank in 2008) (Panaji)
  • (vii) Bank of Punjab Ltd. (Chandigarh)
  • (viii) Times Bank Ltd. (Faridaba
  • (ix) IDBI Bank Ltd. (Indor
  • (x) Development Credit Bank Ltd. (Mumbai)
  • ( both (i) and (viii)
  • ( only (ii), (iii), (iv), (v), (vi), (vii), (ix), and (x)
  • (None of the above
  • ( All the above

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According to which issue of guidelines did the RBI grant approval for the setting up of 13 new privately-owned domestic banks?
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