Current Affairs · Banking Sector
Consider the following statements regarding RBI's approval for Emirates NBD Bank's Wholly Owned Subsidiary (WOS) framework in India: 1. Emirates NBD Bank initially operated in India under the branch model. 2. RBI's approval allows the bank to operate its branch model and its wholly owned subsidiary simultaneously as distinct businesses. 3. The wholly owned subsidiary model allows foreign banks to operate as Indian companies with local governance structures. 4. Emirates NBD Bank specializes exclusively in corporate banking services in India and does not cater to personal banking. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Only 1 and 3✓
- 2Only 1, 2 and 3
- 3Only 1, 3 and 4
- 4Only 1, 2 and 4
Correct answer
Only 1 and 3
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 Sector MCQs →Want more practice questions on Banking Sector?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking Sector