Question
As per the Banking Regulation Act the chairman shall
exercise his powers subject to the superintendence, control and direction of the _____________________Solution
Section 10B. Banking company to be managed by whole time chairman: (1) Notwithstanding anything contained in any law for the time being in force or in any contract to the contrary, every banking company in existence on the commencement of the Banking Regulation (Amendment) Act, 1994 (20 of 1994), or which comes into existence thereafter shall have one of its directors, who may be appointed on a whole-time or a part-time basis as chairman of its Board of directors, and where he is appointed on a whole-time basis, as chairman of its Board of directors, he shall be entrusted with the management of the whole of the affairs of the banking company: Provided that the chairman shall exercise his powers subject to the superintendence, control and direction of the Board of directors.
Following are the instruments having a maturity period of less than one year. Which of the following is / are Money Market Instrument?
A Scheduled Bank is included in the
Which electronic funds transfer system in India is available 24/7 throughout the year, including on holidays also?
The latest entry in the Private sector bank is
IFRS stands for _______
Any type of banking business facility that is located separately from the bank's main location is known as ______ service bank.
Which one of the following pillars addresses risk as per Basel Il norms.
Under which scheme, a saving account can be opened in the name of girl child and deposits can be made for 14 years and the girl is allowed to withdraw 5...
As per the RBI guidelines, Banks will be able to offer short-term crop loans up to one year at what percent of rate per annum?
How many Banks were nationalized in the Second Phase of Nationalization of Banks?