New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Which of the following does not come under the

    definition of bank in SARFAESI Act?
    A State Bank of India Correct Answer Incorrect Answer
    B Reserve Bank of India Correct Answer Incorrect Answer
    C Corresponding new bank Correct Answer Incorrect Answer
    D Multi – State cooperative Bank Correct Answer Incorrect Answer

    Solution

    Section 2(c ) of SARFAESI Act - “bank” means— (i) a banking company; or (ii) a corresponding new bank; or (iii) the State Bank of India; or (iv) a subsidiary bank; or 4 (iva) a multi-State co-operative bank; or] (v) such other bank which the Central Government may, by notification, specify for the purposes of this Act

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