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The Act provides a structure under which commercial banking in India is supervised and regulated. The Act supplements the Companies Act, 1956. Primary Agricultural Credit Society and cooperative land mortgage banks are excluded from the Act. Several powers are provided by the Act to the Reserve Bank of India: to license banks, have regulation over shareholding and voting rights of shareholders; to supervise the appointment of the boards and management; to regulate the operations of banks; to lay down instructions for audits; control moratorium, mergers and liquidation; to issue directives in the interests of public good and on banking policy, and impose penalties
The World Bank has approved an ______ loan towards the adoption of global best practices for animal health management to prevent, detect, and respond to...
Which of the following IIT has entered the list of top 50 institutions for engineering in the QS World University Rankings by Subject 2023?
When is International Human Solidarity Day observed?
Which of the following is a device designed to protect electrical devices from voltage spikes?
At the 15th Asian Airgun Championship held in South Korea, India has won how many medals in it?
Reliance Industries Ltd has joined hands with which bank to launch a financing program for compressed biogas (CBG) plants that will enable the ecosystem...
Recently launched Mission LiFE ’ a mission related to?
Which two companies have collaborated to launch co-branded credit cards?
Why did the RBI cancel the licence of Banaras Mercantile Co-operative Bank?
Rest of India's team defeated whom to win the prestigious Irani Cup title?