Power of bank to file winding up petition (Section 45MC of the Reserve bank of India Act 1934)

Power of bank to file winding up petition (Section 45MC) - According to Section 45 MC update Reserve Bank of India Act 1934 -   ...

Management of Reserve Bank of India (Section 7 of RBI Act)

           Reserve Bank of India Act was passed in 1934  and The Reserve Bank of India was established in the year 1935. Section 7 of The R...

Departments of Reserve Bank of India

   As we all know that the Reserve Bank of India is the central bank of the country.  Reserve Bank of India was established in April 1935 u...

Power and Functions of Reserve Bank of India (RBI) Section 36 Banking Regulation Act, 1949

Introduction -           The Banking Regulation Act 1949,  Section 36 of the said Act deals with the power and functions of Reserve Bank...

Inspection (Section 35 )of Banking companies by Reserve Bank of India (RBI)

                 Section 35 of the Banking Regulation Act 1949 have been incorporated to check the malpractices in Banking Companies. Sect...

Audit (Section 30) under the Banking Regulation Act 1949

           Every banking company has to obtain the previous approval of The Reserve Bank before appointing or Re-appointing and removing a...