Current Affairs · Banking Codes and Standards
What is the key distinction between the Code of Banks' Commitment to Customers and the Code of Banks' Commitment to Micro and Small Enterprises regarding the scope of services?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The MSE Code exclusively covers working capital loans, while the Customer Code covers all other retail banking services.
- 2The Customer Code focuses on ethical fee charging, whereas the MSE Code focuses solely on technological adoption.
- 3The MSE Code includes specific provisions for timely credit delivery, loan appraisal process transparency, and rehabilitation of sick units.✓
- 4The Customer Code is binding on all cooperative banks, while the MSE Code applies only to Scheduled Commercial Banks.
Correct answer
The MSE Code includes specific provisions for timely credit delivery, loan appraisal process transparency, and rehabilitation of sick units.
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