Current Affairs · Banking Regulations
According to the RBI framework, under which condition is a Foreign Bank mandatorily required to operate as a Wholly Owned Subsidiary (WOS) rather than a branch in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1When the bank's global asset size is less than 10 Billion Dollars.
- 2When the bank is incorporated in a jurisdiction that gives a higher priority to the claims of local depositors over Indian depositors in the event of liquidation.✓
- 3When the bank's home country provides a full guarantee for its Indian operations.
- 4When the bank has more than 10 branches in India.
Correct answer
When the bank is incorporated in a jurisdiction that gives a higher priority to the claims of local depositors over Indian depositors in the event of liquidation.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking Regulations MCQs →Want more practice questions on Banking Regulations?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking Regulations