Which of the following statements is not correct regarding the 'Banking Sector' of India?

Question

TuteeHUB · Accepted Answer

Banks have the freedom to regulate their own Savings Bank Deposit interest rates.

TuteeHUB · Answer

At present there are 26 Nationalized Banks in India.

TuteeHUB · Answer

Foreign Banks and Regional Rural Banks do not come under the category of Scheduled Commercial Banks.

TuteeHUB · Answer

Narsimham Committee is related to Banking Sector reforms.

1.	Which of the following statements is not correct regarding the 'Banking Sector' of India?
A.	At present there are 26 Nationalized Banks in India.
B.	Foreign Banks and Regional Rural Banks do not come under the category of Scheduled Commercial Banks.
C.	Banks have the freedom to regulate their own Savings Bank Deposit interest rates.
D.	Narsimham Committee is related to Banking Sector reforms.
Answer» C. Banks have the freedom to regulate their own Savings Bank Deposit interest rates.

Discussion