Appointment of Additional Directors of Banking Company

The Section 36AB of Banking Regulation Act, 1934 confers Power on Reserve Bank to appoint additional Directors of banking Company. Appointment of Additional Directors of Banking Company If Reserve Bank is of opinion that it is in the interests of the banking company or its depositors to appoint one or more persons to hold office as additional Directors of the banking company. Such additional director may hold office during the pleasure of the Reserve Bank… Read More…

Current Affairs Quiz September 14th 2019 for RBI/NABARD

Here is the Current affairs quiz September 14th 2019 for RBI/IBPS PO in the quiz series for RBI grade B. This quiz series is also useful for IBPS/SBI PO, Railway recruitment, LIC AAO and clerical exams. The questions covers current affairs, static financial knowledge and other  important topics which can be asked in competitive exams. Answers are given at the end of the quiz. Q1. Which airport has got the tallest Air Traffic Control tower… Read More…

Chairman of Banking Company – Tenure, Qualification

As per provisions of Section 10B of Banking Regulation Act, 1949, every banking company should appoint a whole-time or a part-time Chairman of Banking Company selected among its Directors. If he is appointed on a whole-time basis, then he must be entrusted with the management of the whole of the affairs of the banking company. The Chairman must exercise his powers subject to the superintendence, control and direction of the board of Directors. The prior… Read More…

Current Affairs Quiz September 13th 2019 for RBI/NABARD

Here is the Current affairs quiz September 13th 2019 for RBI/IBPS PO in the quiz series for RBI grade B. This quiz series is also useful for IBPS/SBI PO, Railway recruitment, LIC AAO and clerical exams. The questions covers current affairs, static financial knowledge and other  important topics which can be asked in competitive exams. Answers are given at the end of the quiz. Q1. Who has collaborated with Amazon Web Services (AWS) to develop… Read More…

Board of Directors of Banking Company

The Section 10A of Banking Regulation Act, 1949 defines the rules and regulations related to Board of Directors of banking company. Board of Directors The total number of members of the Board of Directors of a banking company should consists of at least fifty-one per cent of persons with special knowledge or practical experience in field of accountancy, agriculture and rural economy, banking, co-operation, economics, finance, law, small-scale industry or any other special knowledge which… Read More…

Current Affairs Quiz September 12th 2019 for RBI/NABARD

Here is the Current affairs quiz September 12th 2019 for RBI/IBPS PO in the quiz series for RBI grade B. This quiz series is also useful for IBPS/SBI PO, Railway recruitment, LIC AAO and clerical exams. The questions covers current affairs, static financial knowledge and other  important topics which can be asked in competitive exams. Answers are given at the end of the quiz. Q1. Which among the following cities has topped the Safe Cities… Read More…

Subsidiaries of Banking Companies Regulations

The formation of subsidiaries of banking companies is permitted with some restrictions by Reserve Bank of India. Prior approval of Reserve Bank of India should be taken by a bank to set up a subsidiary company Subsidiaries of Banking Companies Following are the rules related to subsidiaries of banking companies: A banking company cannot form subsidiary except for the purpose of business permitted in Section 6 (1) (a) to (o) of Banking Regulation Act. Under… Read More…

Current Affairs Quiz September 11th 2019 for RBI/NABARD

Here is the Current affairs quiz September 11th 2019 for RBI/IBPS PO in the quiz series for RBI grade B. This quiz series is also useful for IBPS/SBI PO, Railway recruitment, LIC AAO and clerical exams. The questions covers current affairs, static financial knowledge and other  important topics which can be asked in competitive exams. Answers are given at the end of the quiz. Q1. Under recent announcement of amalgamation of public sector banks, how… Read More…

Current Affairs Quiz September 10th 2019 for RBI/NABARD

Here is the Current affairs quiz September 10th 2019 for RBI/IBPS PO in the quiz series for RBI grade B. This quiz series is also useful for IBPS/SBI PO, Railway recruitment, LIC AAO and clerical exams. The questions covers current affairs, static financial knowledge and other  important topics which can be asked in competitive exams. Answers are given at the end of the quiz. Q1. Which has become the first country in the world to… Read More…

Shareholding in Banking Companies in India

The section 12 of the banking regulation act 1949 regulates the Shareholding in Banking Companies in India. No shareholder of banking company can exercise voting rights more than 10 per cent of the total voting rights of all the shareholders of the banking company. Reserve Bank may increase such ceiling on voting rights from ten per cent to twenty-six per cent. Transfer of shares of Banking Company The Reserve Bank of India has stipulated the… Read More…

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