alleryWho ensures the bank's overall compliance under the PML Act?
ADedicated Director
BDeputed Director
CDesignated Director
DDelegated Director
Answer & Solution
Correct answer: C. Designated Director
1. This person is nominated by the Board.
2. The role covers Chapter IV obligations.
3. It is the Designated Director.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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