Section 20 of BRA : Section 20: Restrictions On Loans And Advances
BRA
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Explanation using Example
Imagine a local bank, "Community Bank Ltd.," has a board of directors overseeing its operations. One of the directors, Mr. Sharma, is also a managing partner in a construction firm, "BuildWell Co." Mr. Sharma approaches Community Bank Ltd. for a loan to finance BuildWell Co.'s new project. According to Section 20 of the Banking Regulation Act, 1949, Community Bank Ltd. cannot grant this loan to BuildWell Co. because Mr. Sharma, a directo...
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