Section 36 of BRA : Section 36: Further Powers And Functions Of Reserve Bank
BRA
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Explanation using Example
Imagine a scenario where the Reserve Bank of India (RBI) notices that a particular type of high-risk derivative trading is becoming popular among banking companies. This trading poses a significant risk to the stability of the financial system. To mitigate this risk, the RBI, exercising its powers under Section 36(1)(a) of the Banking Regulation Act, 1949, issues a directive to all banking companies to avoid engaging in this high-risk derivative trading. This is an example of the RBI cautioning banks against entering into a particular transaction or class of transactions.
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