Consider the following statements regarding delivery models in modern banking: Statement A: The Branch Banking Model remains legally essential for basic activities like opening savings accounts and fixed deposits because wet signatures on physical paper are mandatory for KYC under current RBI norms. Statement B: Digital delivery channels (such as Mobile and Internet Banking) contribute to the highest share of the overall volume of retail funds transfer transactions in Indian banking. Which of the statements is/are correct?

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Banking · Delivery Channels

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Only Statement B

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