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Section 9. Disposal of non-banking assets: Notwithstanding anything contained in section 6, no banking company shall hold any immovable property howsoever acquired, except such as is required for its own use, for any period exceeding seven years from the acquisition thereof or from the commencement of this Act, whichever is later or any extension of such period as in this section provided, and such property shall be disposed of within such period or extended period, as the case may be.
Consider the following sectors:
1. Atomic Energy Generation
2. Nidhi Company
3. Lotteries (online, private, government, etc.)
<...What does the abbreviation "SIP" stand for in mutual funds?
Which financial instrument provides the right, but not the obligation, to buy or sell an asset at a specified price?
What is the objective of the MoU between IFSCA and CPI?
With reference to the Account Aggregator (AA), consider the following statements:
I.It is a framework that simply facilitates sharing of financia...
Which of the following is WHO’s decision-making body attended by delegations from all of WHO’s member states?
Special Drawing Rights (SDR) is an international reserve asset, created by the IMF in which of the following years?
When a foreign entity acquires ownership or controlling stake in the shares of a company in one country, or establishes businesses there, then it is cal...
Which of the following is not a Maharatna Central Public Sector Enterprises (CPSEs)?
Which term best describes the penalty for early withdrawal from a fixed deposit?