alleryThe Principal Officer may also be nominated as the Designated Director:
AAlways
BYearly
CWeekly
DNever
Answer & Solution
Correct answer: D. Never
1. Both roles are communicated to FIU-IND and RBI.
2. The Directions keep the two roles apart.
3. The Principal Officer shall not be so nominated.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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