BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
45-Y OF NI ACT
|
|
|
45-Y OF BR ACT
|
|
|
45-Y OF RBI ACT
|
|
|
45-Y OF SBI ACT
|
Detailed explanation-1: -Section 45Y in BANKING REGULATION ACT, 1949. 305 [45Y. Power of Central Government to make rules for the preservation of records.-The Central Government may, after consultation with the Reserve Bank and by notification in the Official Gazette, make rules specifying the periods for which-
Detailed explanation-2: -Section 45. Power of Reserve Bank to apply to Central Government for suspension of business by a banking company and to prepare scheme of reconstitution or amalgamation.
Detailed explanation-3: -The RBI has the authority under Section 45 of the Banking Regulation Act of 1949 to give bearings to banks and to make a move “to forestall the issues of any financial organisation from being directed in a way hindering the investors’ advantages or in a way biased to the financial organisation’s inclinations.”
Detailed explanation-4: -Nomination Facilities Sections 45ZA to 45ZF of the Banking Regulation Act, 1949 (As applicable to co-operative societies) provide, inter alia, for the following matters: to enable a co-operative bank to make payment to the nominee of a deceased depositor, of the amount standing to the credit of the depositor.