Banking · Fair Banking Practices
Which of the following statements are correct in relation to the 'Code for Fair Banking Practices by Member Banks'? Statement I: The Code requires that only cashless transactions be offered through alternate delivery channels. Statement II: Member Banks are obligated to follow the commitments and standards outlined in the Code for their products and services. Statement III: The Code specifically instructs Member Banks to ensure that their services comply with legal regulations and incorporate digital banking practices.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and II
- 2II and III✓
- 3I and III
- 4None of the above
Correct answer
II and III
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