question_answer

As per the reports in various newspapers many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organisations/agencies issue the licence for the same?

A)  Securities and Exchange Board of India (SEBI)

B)  Indian Institute of Banking and Finance (IIBF)

C)  Indian Banks? Association

D)  Registrar of Companies

E)  None of the above