Sections Of RBI

Question 1

BR 1949, Section 11

Answer 1

Requirement as to minimum paid up capital and reserves

Question 2

BR 1949, Section 22

Answer 2

Licensing of Banking Companies

Question 3

BR 1949, Section 46

Answer 3

Penalties

Question 4

BR 1949, Section 47A

Answer 4

Power of RBI to impose penalty

Question 5

BR 1949, Section 56

Answer 5

Apply to cooperative societies subject to modifications