BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As per which act, holidays are provided in the banks?
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RBI Act
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Banking Regulation Act
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as per orders of Govt.
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Banking Nationalisation Act
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Explanation:
Detailed explanation-1: -Section 25 in BANKING REGULATION ACT, 1949.
Detailed explanation-2: -Section 21. Power of Reserve Bank to control advances by banking companies. Section 21A. Rates of interest charged by banking companies not to be subject to scrutiny by courts.
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