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RBI allows Bank of China to offer regular banking services in India

RBI allows Bank of China to offer regular banking services in India_50.1

The Reserve Bank of India (RBI)  allowed “Bank of China” to offer regular banking services in the country. Banks falling under this schedule have to adhere to the norms of the RBI. ‘Bank of China Limited’ has been included in the 2nd Schedule to the Reserve Bank of India Act, 1934.

Static/Current Takeaways Important For SBI Clerk Main:

  • RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai.
  • Founded: 1 April 1935, Kolkata.

Source: The Livemint

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