Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  What is the population limit at a place under which the banks don’t require a license from RBI to open a branch?

a. 10000
b. 20000
c. 40000
d. 50000


ANSWER: See Answer
 
At present, Indian banks no longer require a license from the Reserve Bank for opening a branch at a place with population of below 50,000.
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