Section 21 of BRA : Section 21: Power Of Reserve Bank To Control Advances By Banking Companies
BRA
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Explanation using Example
Imagine that the Reserve Bank of India (RBI) notices an increase in non-performing assets (NPAs) due to unsecured advances made by banks. To safeguard the banking system and depositors' interests, the RBI, under Section 21(1) of the Banking Regulation Act, 1949, decides to implement a new policy that mandates stricter evaluation criteria for personal loans.
Following this, under Section 21(2)(a), the RBI issues a directive to all ...
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