Section 36A of BRA : Section 36A: Certain Provisions Of The Act Not To Apply To Certain Banking Companies

BRA

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Explanation using Example

Imagine a small regional bank, "LocalTrust Bank," which has been operating for several years. Recently, due to mismanagement, the bank's financial health deteriorated. The Reserve Bank of India (RBI) conducted an evaluation and, under Section 22 of the Banking Regulation Act, 1949, decided to cancel LocalTrust Bank's license because it no longer met the criteria for prudent banking.

As a result of this cancellation, LocalTrust Bank falls under the category described in Section 36A(1)(b) of the Act. This means that the bank is no longer subject to the requirements of maintaining a minim...

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