Question

What are the various ground on the basis of which RBI may cancel a licence granted to a banking company?

A If the company ceases to carry on banking business in India
B If the company at any time fails to comply with any of the conditions imposed upon it
C If at any time, any of the conditions referred to in section 22 (3) & 22(3A) is not fulfilled
D All a b & c
E Either a b or c
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