BRBL in 7 DAYS _ CAIIB SYLLABUS PRIORITY
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Banking Regulations and Business Laws — CAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary legislation governing banking regulation in India?
The Banking Regulation Act, 1949 is the primary legislation governing banking companies in India, providing RBI with powers to regulate, supervise, and control banking operations.
What is the significance of Section 35A of the Banking Regulation Act, 1949?
It empowers RBI to give directions to banking companies in public interest.
Under which section of the Banking Regulation Act can RBI issue directions to banks?
RBI issues directions to banks under Section 35A of the Banking Regulation Act, 1949, which empowers it to give directions in the public interest or to prevent affairs of banks being conducted in a manner detrimental to depositors.
What is the minimum paid-up capital required for a new private sector bank in India?
Minimum paid-up capital is Rs. 500 crore as per RBI guidelines.
What does Section 22 of the Banking Regulation Act deal with?
Section 22 deals with licensing of banking companies — no company shall carry on banking business in India without obtaining a licence from RBI.
What does Section 6 of the Banking Regulation Act specify?
It lists the forms of business that banking companies are permitted to undertake.
What is the minimum capital adequacy ratio prescribed under Basel III for Indian banks?
Under Basel III norms as adopted by RBI, banks must maintain a minimum Capital to Risk-weighted Assets Ratio (CRAR) of 9%, which is higher than the international minimum of 8%.
Under the SARFAESI Act, what is a 'Security Receipt'?
A receipt issued by an asset reconstruction company against acquisition of financial assets.
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