Banking · Banking Regulations
Who has the authority to authorize banks to open and maintain certain accounts in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Securities and Exchange Board of India (SEBI)
- 2The Ministry of Finance
- 3The Reserve Bank of India (RBI)✓
- 4The Government of India
Correct answer
The Reserve Bank of India (RBI)
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