Which of the following statements is/are correct about bank's insuranc

1.	Which of the following statements is/are correct about bank's insurance business?
A.	Banks can set up a subsidiary/joint venture/ as well as undertake insurance broking/ insurance agency.
B.	Banks do not need prior approval of RBI for setting up a subsidiary/joint venture.
C.	Both [a] and [b]
D.	None of these
Answer» B. Banks do not need prior approval of RBI for setting up a subsidiary/joint venture.

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Which of the following statements is/are correct about bank's insurance business?

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