BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The functions of DBOD is broadly relate to prescription of regulations for compliance with various provisions of Banking Regulation Act on establishment of banks such as
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Investments and loans
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Maintenance of statutory liquidity
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Issue of guidelines on Prudential Norms relating to Capital Adequacy
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All of the given options is true
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Explanation:
Detailed explanation-1: -The bill sought to bring all cooperative banks under the Reserve Bank of India. It brought 1, 482 urban and 58 multi-state cooperative banks under the supervision of the RBI. The bill granted the RBI ability to reconstruct or merge banks without moratoriums. The bill was passed by the parliament.
Detailed explanation-2: -(b) A copy of the report of the scrutiny shall be furnished to the banking company if the banking company makes a request for the same or if any adverse action is contemplated against the banking company on the basis of the scrutiny.]
There is 1 question to complete.