Module: General Practice
Q12: Why is the State Bank of India recognized as a separate category of Scheduled Commercial Banks (SCBs)?
✅ Correct Answer: B
Because of the distinct statutes governing it.
The SBI is recognized as a separate category due to the distinct statutes, such as the SBI Act, 1955.
While it is a key part of the Public Sector Banks List, its unique legal status is vital to the Banking Structure in India.
The SBI is recognized as a separate category due to the distinct statutes, such as the SBI Act, 1955.
While it is a key part of the Public Sector Banks List, its unique legal status is vital to the Banking Structure in India.