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CAIIB BRBL LIVE Class 4 By Ashish Sir
What is the primary objective of the Banking Regulation Act, 1949?
The Banking Regulation Act, 1949 aims to regulate and supervise the banking companies in India to protect depositors' interests and ensure orderly development of the banking sector.
What is the meaning of 'Time Liability' in banking under the Banking Regulation Act?
Liability payable after a fixed period or notice period.
Under which section of the Banking Regulation Act can RBI issue directions to banks?
RBI can issue directions to banks under Section 35A of the Banking Regulation Act, 1949, which empowers RBI to give directions in public interest or in the interest of banking policy.
What is the minimum capital-to-risk-weighted-assets ratio (CRAR) prescribed by RBI for commercial banks?
RBI prescribes a minimum CRAR of 9% for commercial banks.
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