In the Indian financial regulatory context, the term 'para-banking activities' refers to:

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Financial services permitted to banks beyond core deposit-taking and lending functions, subject to regulatory approval

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Answer 1

Activities undertaken by cooperative banks in rural areas

Answer 2

Offshore banking operations conducted by Indian banks through foreign branches

Answer 3

Financial services permitted to banks beyond core deposit-taking and lending functions, subject to regulatory approval

Answer 4

Banking services undertaken by Non-Banking Financial Companies (NBFCs) without RBI oversight

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