.....is entrusted with the responsibility of regulation of commercial banks under the regulatory provisions contained in the Banking Regulation Act, 1949 and RBI Act, 1934 besides enunciation of banking policies.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____is entrusted with the responsibility of regulation of commercial banks under the regulatory provisions contained in the Banking Regulation Act, 1949 and RBI Act, 1934 besides enunciation of banking policies.

A	NBFC
B	SEBI
C	BCSBI
D	DBOD

Explanation:

Detailed explanation-1: -Section 45Z in BANKING REGULATION ACT, 1949.

Detailed explanation-2: -Power of Reserve Bank to appoint additional Directors | Banking Regulation Act, 1949 | Bare Acts | Law Library | AdvocateKhoj.

Detailed explanation-3: -The major provisions are such as Payment of Commission, Brokerage, Prohibition of Trading, Capital Structure, Non-Banking Assets, Minimum Capital and reserves, etc.

There is 1 question to complete.