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The Banking Regulation Act of 1949 provides the framework for the regulation and supervision of commercial banks in India. Key statutory provisions include the establishment of the Reserve Bank of India (RBI) as the regulatory authority, guidelines for licensing of banks, capital requirements, and norms for maintaining liquidity and solvency. It also outlines provisions for the inspection and audit of banks, management of bank operations, and measures for consumer protection. Additionally, the Act empowers the RBI to intervene in the affairs of banks in case of financial instability to ensure the soundness of the banking system.
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What do you mean by SLR in banking?
SLR stands for Statutory Liquidity Ratio. Statutory Liquidity Ratio is the amount of liquid assets, such as cash, precious metals or other approved securities, that a financial institution must maintain as reserves other than the Cash with the Central Bank. The statutory liquidity ratio is a term most commonly used in India.
What is SLR in banking term?
SLR stands for Statutory Liquidity Ratio. Statutory Liquidity Ratio is the amount of liquid assets, such as cash, precious metals or other approved securities, that a financial institution must maintain as reserves other than the Cash with the Central Bank. The statutory liquidity ratio is a term most commonly used in India.
What is rural banking and its functions?
The goals of Rural Banks are to provide banking services to the rural/village population of India. Gramya banks or Grameen banks are banks in India that provide banking services for the rural population in India. There are a total of 32 Grameen banks in India.
What is the difference in scheduled non scheduled banks?
a schedule bank is one authorized by reserve bank of India to act as a banker (under section 2 (e) of RBI Act. only scheduled banks can do banking business in India. RBI is has direct control over the functioning of Scheduled Banks. Non-scheduled bank in India are banks defined in section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank.
What is the Scope and nature of merchant banking in India?
The scope and nature of merchant banking in India is investment banking. A merchant banker is used as an intermediary to match a company that needs capital to those that have capital.
What is Unscheduled bank?
An Unscheduled Bank is one which is defined in clause (c) section 5 of the Banking Regulation Act 1949.
What is a statutory body.Who are the statutory bodies of India?
A statutory body is a company or organization created by law, or statute, in order to regulate or carry out a public function. Examples of statutory bodies include the Airport Authority of India, the Food Corporation of India and the National Highway Authority of India.
What is SLR in banking term?
SLR stands for Statutory Liquidity Ratio. Statutory Liquidity Ratio is the amount of liquid assets, such as cash, precious metals or other approved securities, that a financial institution must maintain as reserves other than the Cash with the Central Bank. The statutory liquidity ratio is a term most commonly used in India.
What do you mean by SLR in banking?
SLR stands for Statutory Liquidity Ratio. Statutory Liquidity Ratio is the amount of liquid assets, such as cash, precious metals or other approved securities, that a financial institution must maintain as reserves other than the Cash with the Central Bank. The statutory liquidity ratio is a term most commonly used in India.
What ia SLR in banking language?
SLR stands for Statutory Liquidity Ratio. Statutory Liquidity Ratio is the amount of liquid assets, such as cash, precious metals or other approved securities, that a financial institution must maintain as reserves other than the Cash with the Central Bank. The statutory liquidity ratio is a term most commonly used in India.
What are the provisions of the article 126 of elections in India?
what are the provisions of article126 of elections
What is banking investment in India?
It is where, in india, you invest in banks.
What are statutory deductions in India?
mama!this is easy we can make it.
List of statutory corporation in India?
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Is there any Singapore bank in India for personal banking?
You can go for the DBS bank. It provides personal banking in India and are operated in 12 cities of India.
Any example for merchant banking in India?
merchant banking example
What is the Meaning of institutional banking and examples of institutional banking in India?
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