alleryCommercial banks are defined under which section of the BR Act?
ASection 7
BSection 5
CSection 9
DSection 4
Answer & Solution
Correct answer: B. Section 5
1. The definition covers banking companies and new banks.
2. It also covers the State Bank of India.
3. The clauses sit in Section 5 of the Act.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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