Question

As per the Banking Regulation Act which of the following statements relating to the acquisition of qualification shares by managing directors of a banking company is true?

A Managers of banking companies are required to acquire shares immediately upon appointment
B Managers of banking companies are exempted from holding qualification shares
C Managers of banking companies must acquire shares within one month of appointment
D Managers of banking companies must acquire shares within six months of appointment
E Managers of banking companies must acquire shares within one year of appointment
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)