Which banks are not regulated by RBI?
Which bank is not regulated by RBI?a.
State Bank of Sikkim.b.
State Bank of Travancore.c.
Axis.State Bank of Sikkim is not regulated by Reserve Bank of India unlike other banks in India.
State Bank of Sikkim is a state-owned banking institution headquartered at Gangtok, Sikkim, India..
Are cooperative banks regulated by RBI?
While RBI has been regulating and supervising banking functions, primary oversight has been with the registrar of societies. The Union cabinet had in February this year approved amendment to the Banking Regulation Act to bring cooperative banks under the RBI.
Which sector is regulated by RBI?
The main purpose of the RBI is to conduct consolidated supervision of the financial sector in India, which is made up of commercial banks, financial institutions, and non-banking finance firms.
Who regulates the banks in India?
Reserve Bank of India Act 1934The Indian banking sector is regulated by the Reserve Bank of India Act 1934 (RBI Act) and the Banking Regulation Act 1949 (BR Act). The Reserve Bank of India (RBI), India’s central bank, issues various guidelines, notifications and policies from time to time to regulate the banking sector.