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BUSINESS ETHICS & BANKING
What is business ethics in the context of banking?
Business ethics in banking refers to the application of ethical principles such as honesty, integrity, fairness, and transparency in all banking operations and decision-making processes.
What is the meaning of 'due diligence' in the context of banking ethics?
Thorough investigation before entering transactions to ensure ethical compliance.
Which regulatory body in India primarily oversees ethical conduct in banking?
The Reserve Bank of India (RBI) is the primary regulatory body that oversees ethical conduct in banking through guidelines, circulars, and prudential norms.
What is 'greenwashing' and how does it relate to unethical banking practices?
Falsely claiming environmental benefits to mislead customers and investors.
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