Rules & regulations of Wholesale bank - General Economics & Indian Economy

Q.  Which of the following statements are correct?

1. Wholesale bank can accept deposits larger than Rs.5 crore.
2. It only lends in niche wholesale markets such as infrastructure or corporates.
- Published on 11 Jul 15

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above

ANSWER: Both 1 and 2
 
Nachiket Mor Committee recommends a new type of bank called “Wholesale bank.”Wholesale banking deals with larger institutions.

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