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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 exim policy?
An Exim policy is a policy that mandate international imports and exports. The policy is part of the Foreign Trade Development and Regulation Act.
What is the difference between schedule and non schedule bank?
Schedule banks are those which are included in the Second Schedule of Banking Regulation act 1965; others are non schedule banks. To be included in the Second Schedule, a bank (a) must have paid up capital and reserves of not less than Rs. 5 lakhs (b) it must also satisfy the RBI that its affairs are not conducted in a manner detrimental to the interests of its depositors. Schedule banks are required to maintain a certain amount of reserves with the RBI; they in return, enjoy the facility of financial accomodation and remittance facilities at concessional rates from RBI. The difference between schedule and non schedule is immaterial as the number of non schedule bank is almost nil.
What Are The Salient Features Of The Environment Protection Act 1986 (India)?
The Environment Protection Act of 1986 in India serves as a comprehensive framework for environmental protection and conservation. Key features include the establishment of standards for the quality of the environment, the regulation of hazardous substances, and the authority for the central government to take measures for safeguarding the environment. It empowers the government to issue directives for environmental management, and it mandates the preparation of environmental impact assessments for projects. Additionally, the Act provides for penalties and offenses to ensure compliance with environmental regulations.
What are the laws of south Africa about nuclear Plants?
In South Africa, the regulation of nuclear plants is governed primarily by the Nuclear Energy Act of 1999 and the National Nuclear Regulator Act of 1999. The Nuclear Energy Act establishes the framework for the development, use, and management of nuclear energy, while the National Nuclear Regulator Act provides for the establishment of a regulatory body to ensure the safety and security of nuclear installations. Additionally, South Africa is a signatory to various international treaties, including the Treaty on the Non-Proliferation of Nuclear Weapons, which influences its nuclear policy and regulations. Compliance with safety standards, environmental considerations, and emergency preparedness are central components of South African nuclear law.
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 banking regulation act 1949 says about banker customer relationship?
In this regulation act they introduces a synonym for the term LOAN.From now on Indians call Donation
What is Unscheduled bank?
An Unscheduled Bank is one which is defined in clause (c) section 5 of the Banking Regulation Act 1949.
Explain the provision to statutory reserve given is the banking regulation act?
15 percent of profit after tax.
What are the statutory provisions in banking regulation Act in India?
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.
How would you use glass stegall act in a sentence?
The Glass-Steagall Act was a banking regulation that separated commercial and investment banking activities to prevent conflicts of interest. Its aim was to protect bank depositors from the risks associated with speculative investment activities.
What was NOT part of the Second New Deal. a.Social Security Act b.Wagner-Connery Act c.Emergency Banking Act d.Revenue Act?
c) Emergency Banking Act
What legislation ended the banking crisis?
Emergency Banking Relief Act
Does the Emergency Banking Act still exist today?
The Emergency Banking Act no longer exists, however elements of the act were included in the 1933 Banking Act. It's also one of the things that ultimately led to the Federal Deposit Insurance Corporation.
What act created Dual Banking?
The National Bank Act
When was the Riegle-Neal Interstate Banking and Branching Act passed?
The Riegle-Neal Interstate Banking and Branching Act was passed in 1995
