New Private Sector Banks approved by RBI in January 1993- UTI, IndusInd, ICICI, IDBI, Times Bank, Centurion Bank
Q. 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.
(ii) IndusInd Bank Ltd.
(iii) ICICI Bank Ltd.
(iv) Global Trust Bank Ltd.
(v) HDFC Ltd.
(vi) Centurion Bank Ltd. (Since amalgamated with HDFC Bank in 2008)
(vii) Bank of Punjab Ltd.
(viii) Times Bank Ltd.
(ix) IDBI Bank Ltd.
(x) Development Credit Bank Ltd.- Published on 20 Jul 15a. Both (i) and (viii)
b. Only (ii), (iii), (iv), (v), (vi), (vii), (ix), and (x)
c. None of the above
d. All the above
ANSWER: All the above
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.
