Economics · Economy
Economic liberalisation enabled more autonomy and competition in the Indian banking sector. Which of the following was the first 'new generation' private sector bank to receive an 'in-principle' approval and be set up in India after the 1991 reforms?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1IndusInd Bank
- 2Axis Bank (formerly UTI Bank)✓
- 3ICICI Bank
- 4HDFC Bank
Correct answer
Axis Bank (formerly UTI Bank)
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