CAIIB BRBL LIVE Class 1 By Ashish Sir
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 the establishment and functioning of banking companies in India?
The Banking Regulation Act, 1949 is the primary legislation governing banking companies in India, prescribing their licensing, management, operations, and supervisory framework.
What is the full form of BRBL in the context of CAIIB examination?
Banking Regulations and Business Laws subject of CAIIB.
Under Section 5(b) of the Banking Regulation Act, 1949, how is 'banking' defined?
Banking is defined as accepting deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order, or otherwise, for lending or investment.
Under which section of the Banking Regulation Act, 1949 can RBI cancel a bank's licence?
Section 22 empowers RBI to cancel banking licence.
Which authority grants a licence to a company to commence banking business in India?
The Reserve Bank of India (RBI) grants a licence under Section 22 of the Banking Regulation Act, 1949 for a company to commence or carry on banking business.
What is the minimum capital adequacy ratio prescribed for Indian commercial banks under Basel III norms?
Minimum Capital Adequacy Ratio is 9% for Indian banks.
What is the minimum paid-up capital requirement for a new private sector bank in India as per RBI guidelines?
As per RBI guidelines, the minimum initial paid-up voting equity capital for a new private sector bank is Rs. 500 crore.
What is the tenure of the Governor of the Reserve Bank of India?
RBI Governor serves a three-year term, renewable once.
Video classes for this chapter
Master the full BRBL syllabus
Every chapter of Banking Regulations and Business Laws — videos, tests, notes and one-liner decks in one place.