Which Bank obtained RBI's in-principle Nod to Set up Non-Financial Sub – InterviewSolution

InterviewSolution

1.	Which Bank obtained RBI's in-principle Nod to Set up Non-Financial Subsidiary?
Answer» South Indian Bank(SIB) has obtained in-principle approval from the Reserve Bank of India(RBI) to set up a wholly owned non- financial subsidiary for undertaking activities permitted by RBI. After SIB completes the relevant formalities and receives final approval from the regulators the subsidiary will commence its operations.

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