Economics · Indian Economy

Which authority is empowered to regulate the operations of scheduled commercial banks in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Securities and Exchange Board of India (SEBI)
2State Bank of India (SBI)
3Reserve Bank of India (RBI)✓
4Ministry of Finance

Correct answer

Reserve Bank of India (RBI)

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Which authority is empowered to regulate the operations of scheduled commercial banks in India?

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