Question

Section 8 of the Banking Regulation Act, 1949 prohibits a banking company from doing which of the following?

A Accepting term deposits for periods exceeding 10 years from its customers
B Opening more than 5 branches in a single state without prior RBI approval
C Directly or indirectly dealing in buying or selling of goods, except in connection with the realisation of security given to or held by it
D Granting unsecured loans to any individual exceeding ₹25 lakhs without board approval
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