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Explain the provision to statutory reserve given is the banking regulation act?
Wiki User
∙ 11y ago
15 percent of profit after tax.
Wiki User
∙ 11y ago
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Business permited for a banking company The banking regulation act?
The banking regulation act is the business permit for a banking company.
What is the full form of 'BRA' as used in banking field?
Banking regulation act
What percentage is the statutory reserve for the banking companies?
20 percent
What is the function of universal banking?
The function of universal banking include provision of a wide variety of financial services. It also includes both commercial and investment services.
Requiring that 15 percent of assets be kept on hand in a vault?
Banking regulation <APEX :)
Business permited for a banking company The banking regulation act?
The banking regulation act is the business permit for a banking company.
One provision of the Emergency Banking Bill was?
One provision of the Emergency Banking Bill included prevention of panic withdrawals.
What do banking regulation?
Money laundering
What is the full form of 'BRA' as used in banking field?
Banking regulation act
Banking regulation act?
The Banking Regulation Act is a form of government requirements that regulates the banks to certain standards. The main objective of the act is to reduce the amount of risk in the banking industry.
What percentage is the statutory reserve for the banking companies?
20 percent
Describe and explain modern banking system?
modern banking
What has the author Andrew Cornford written?
Andrew Cornford has written: 'The role of the Basle Committee on banking supervision in the regulation of international banking'
What has the author Ronald I Hylton written?
Ronald I. Hylton has written: 'The impact of recent bank failures on Federal banking regulation' -- subject(s): Banking law, Banks and banking
Draw an approach for e banking deployment for retail customers and explain?
Draw an approach for e banking deployment for retail customers and explain?
What is the function of universal banking?
The function of universal banking include provision of a wide variety of financial services. It also includes both commercial and investment services.
What is meant by statutory reserve being maintained by banking companies?
The word "statutory" means that something is a legal requirement. In this case the banking companies are legally obliged to keep a certain amount of money in a reserve fund. They must nto invest it or put it 'at risk' in any way.
