Licensing of banking companies (Section 22 of the Banking Regulation Act 1949)

Licensing of banking companies -               According to Section 22 (1) of the Banking Regulation Act, 1949 no on company shall carry...

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...