Section 36AA of BRA : Section 36Aa: Power Of Reserve Bank To Remove Managerial And Other Persons From Office

BRA

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Explanation using Example

Imagine a scenario where the Reserve Bank of India (RBI) has been closely monitoring a commercial bank that has been performing poorly, and there are concerns about its management practices. The bank's board of directors has been making decisions that are considered risky and not in the best interest of the bank's depositors. After a thorough investigation, the RBI concludes that the CEO's actions are leading the bank towards financial instability.

In this case, invoking Section 36AA of the Banking Regulation Act, 1949, the RBI may de...

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