Discussion Forum : Nabard & Other Bank Examinations
Question -
Which of these banks are authorised to act as the agent of RBI?
Answer: Option D
AT PRESENT ALL THE PUBLIC SECTOR BANKS AND SOME PRIVATE SECTOR BANKS ARE AUTHORISED TO ACT AS RBI’S AGENTS. THESE BANKS CAN CONDUCT GOVERNMENT BUSINESS IN INDIA ON BEHALF OF RBI.
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AT PRESENT ALL THE PUBLIC SECTOR BANKS AND SOME PRIVATE SECTOR BANKS ARE AUTHORISED TO ACT AS RBI’S AGENTS. THESE BANKS CAN CONDUCT GOVERNMENT BUSINESS IN INDIA ON BEHALF OF RBI.
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