WebThis act/ directive of the R B I is to ensure which of the following? A) To ensure that the bank loans / advances taken by the individuals/ organisations are used only in those activities for which they are taken. B) To ensure that money deposited in the bank has not come from unknown and unauthorised sources. WebMoreover, it has been directed to take care of agriculture, industry, export promotion etc. The RBI is also responsible for the maintenance of external value of rupee. 1. Banking Functions: 1. Bank of Issue: Under section 22 of the Reserve Bank of India Act, the bank has the sole right to issue bank notes of all denominations.
Reserve Bank of India Act, 1934 Bare Acts - AdvocateKhoj
WebSection 17(5) in The Reserve Bank of India Act, 1934 (5) the making to the 82[Central Government] 83[84[***]85[and 86[State] Governments]] of advances repayable in each … WebSome important sections in the Act are: Section 3: Establishment and incorporation of Reserve Bank. Section 4: Capital of the RBI. Section 6: Establishment of Offices, branches and agencies; Section 8: Composition of the Central Board, and term of office of Directors; Section 17: The business that RBI can transact; Section 20: Obligation of the ... healthy start vitamin d drops
Section 17 in The Reserve Bank of India Act, 1934 - Indian …
Web12 Nov 2024 · Specifically, Section 7 (1) of the Reserve Bank of India Act, 1934, says that the Union government can “from time to time give such directions to the (central) bank as it may, after consultation ... Web11 Apr 2024 · Note – RBI has issued the directions in exercise of the powers conferred by Section 35A read with Section 56 of the Banking Regulation Act, 1949; Section 45L of the Reserve Bank of India Act, 1934 and Section 11 of the Credit Information Companies (Regulation) Act, 2005. a.Regulatory and Supervisory requirements for the REs: i. Web27 Oct 2014 · SECTION-17 Define various type of business which RBI may transact. Which include acceptance of deposit without interest from central/state govt., any other person /institution. purchase /sell foreign exchange, securities, rediscount of the bills/promissory note,grant loan etc. SECTION-18 RBI provides EMERGENCY loans to banks on liberal terms. mouk music in the desert