GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banks disclose the information about their borrowers to RBI under Provisions of -
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Directives of RBI
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Section 45-C, RBI Act
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Directions of Finance Ministry
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Section 45 of Banking Regulation Act
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Explanation:
Detailed explanation-1: -In terms of Section 20(1) of the Banking Regulation Act, 1949, a bank cannot grant any loans and advances on the security of its own shares. Section 20(1) of the Banking Regulation Act, 1949 also lays down the restrictions on loans and advances to the directors and the firms in which they hold substantial interest.
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