Current Affairs · Banking Regulations & Expansion
HSBC India has recently secured RBI approval to strategically expand its retail banking network by opening 20 new branches across 20 cities, marking a significant reversal of its 2016 consolidation strategy. Under which specific section of the Banking Regulation Act, 1949 was this branch expansion approved, and what will be the bank's total number of branches in India following this expansion?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Section 19; 50 branches
- 2Section 21; 42 branches
- 3Section 22; 44 branches
- 4Section 23; 46 branches✓
Correct answer
Section 23; 46 branches
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 & Expansion MCQs →Want more practice questions on Banking Regulations & Expansion?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking Regulations & Expansion