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Discussion

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

  • A.April, 1980
  • B.March, 1971
  • C.January, 1993
  • D.September, 1993

Answer: C

Subsequent to the issue of guidelines in January 1993 for the entry of new private sector banks, the RBI granted approval for the setting up of 13 new privately-owned domestic banks.

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