Question
The Banking Regulation Act, 1949 is a key Act to
regulate all banking firms in India. What is covered under the Section 24 of this Act?Solution
Section 24 of the Banking Regulation Act, 1949 requires the scheduled commercial banks to maintain minimum proportion of their Net Demand and Time Liabilities (NDTL) as liquid assets in the form of cash, gold and un-encumbered approved securities. This is referred to as the Statutory liquidity Ratio (SLR). Furthermore, under MSF window, banks can avail overnight, up to 2% of their respective NDTL outstanding at the end of the second preceding fortnight. In the event, the banks’ SLR holdings fall below the statutory requirement up to 2% of their NDTL, banks will not have the obligation to seek a specific waiver for default in SLR compliance arising out of use of this facility in terms of notification issued under sub section (2A) of Section 24 of the Banking Regulation Act, 1949.
Quantity-I: Average number of tablets sold by a company from January to May is 480, while average number of tablets sold by the same company from May t...
'Armaan' and 'Bittu' are traveling from points 'P' and 'Q,' respectively, toward each other. 'Armaan' reaches point 'Q' in 12 hou...
Quantity I: A number is first multiplied by 3 and then increased by 25%. The final result is 375. What is the original number?
Quantity II: A boa...
Direction: The question consists of two quantities, choose the correct option which represents the correct relation between Q1 and Q2.
Quan...
Pawan, Qureshi, and Ram started a business with initial investments of Rs. (x + 1500), Rs. x, and Rs. (x - 1000), respecti...
Quantity I: In how many ways can a committee consisting of 2 Managers and 5 Team Leaders be selected from a group of 7 Managers ...
Quantity I: A rectangular prism has a length of 10 cm, a width of 8 cm, and a height of 6 cm. What is the volume of the prism in cubic centimeters?
...Aman' and 'Bhuvan' can complete a certain task in 24 days and 40 days, respectively. Both started working together, but 'Bhuvan' ...
Quantity I: A bag contains 5 red, 7 blue, and 8 green balls. Two balls are drawn randomly. What is the probability that both balls drawn are green?
...Quantity-I: 'Arjun' and 'Bheem' are running on a circular track with a diameter of 'a' meters, at speeds of 25 m/s and 40 m/s, r...