Question

Section 24 of the Act deals with maintenance of a percentage of assets (the statutory liquidity requirement). The assets to be maintained by a banking company shall not be less than such percentage of the total of its demand and time liabilities in India, as the Reserve Bank may specify, but in any case not exceeding:

A Twenty-five per cent
B Thirty per cent
C Twenty per cent
D Forty per cent
E Fifty per cent
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