Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q14: What characterizes private sector banks in India?

A
Incorporated according to the RBI guidelines in 1993
B
Owned by the government
C
Operational only in specific regions
D
Established before the independence of India
✅ Correct Answer: A
Incorporated according to the RBI guidelines in 1993.
Private sector banks include both old and new generation banks incorporated under these guidelines, adding diversity to the Banking Structure in India.