Multiple choice

Which of the following banks has been authorised by Reserve Bank of India to do Govt. Business?

  1. UTI Bank Ltd.

  2. IndusInd Bank Ltd.

  3. Bank of Gujrat Ltd.

  4. Centurian Bank of Punjab Ltd.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

UTI Bank (now Axis Bank) was one of the early private sector banks authorized by the RBI to handle government business, such as tax collection.

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