Section 36AE of BRA : Section 36Ae: Power Of Central Government To Acquire Undertakings Of Banking Companies In Certain Cases

BRA

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Explanation using Example

Imagine a scenario where 'XYZ Bank', a well-known banking company, has repeatedly ignored the directives issued by the Reserve Bank of India (RBI) regarding banking policy. Despite warnings, 'XYZ Bank' continues to engage in practices that are not in the best interest of its depositors, such as making high-risk investments that could jeopardize the savings of its customers.

The RBI, concerned about the potential impact on the financial system and the depositors, submits a report to the Central Government highlighting these issues. After reviewing the report, the Centr...

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