What are Private Banks?

7. What are Private Banks?

  1. The central bank and regulatory body and are responsible for the issue and supply of the Indian rupee
  2. Banks are owned by either individual or general partners with a limited partner
  3. A financial institution that accepts deposits
  4. Type of international bank that is required to obey both the home and host country's legislation

Answer: B) Banks are owned by either individual or general partners with a limited partner

Explanation:

Private banks will be banks claimed by either the individual or an overall band together with a restricted accomplice. Private banks are not fused. In any such case, loan bosses can look to both the "sum of the bank's resources" just as the whole of the sole-owner's/general-accomplices' resources.

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