Current Affairs · Banking Reforms
In August 2025, RBI announced consumer-centric reforms. Which of the following statements are correct? 1. Banks will hold village and panchayat-level camps for doorstep re-KYC between July 1 and September 30, 2025. 2. RBI standardized the settlement process for claims relating to deceased customers' accounts, safe deposit lockers, and custodial arrangements. 3. RBI's Retail Direct platform will now exclusively cater to institutional investors for government securities investments.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1
- 2Only 2
- 3Both 2 and 3
- 4Both 1 and 2✓
Correct answer
Both 1 and 2
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