Question

As per section 7 of the Banking Regulation Act the provisions of this section shall not apply to__________________

A An associate company of the banking company
B A subsidiary of a banking company formed for one or more of the purposes mentioned in section 19 (1), whose name indicates that it is a subsidiary of that banking company
C Any association of banks formed for the protection of their mutual interests and registered under section 25 of the Companies Act, 1956
D Both a & b
E Both b & c
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