Section 51 of BRA : Section 51: Application Of Certain Provisions To The State Bank Of India And Other Notified Banks
BRA
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Explanation using Example
Imagine a scenario where the State Bank of India (SBI) is considering the appointment of a new chairman. According to Section 51 of the Banking Regulation Act, 1949, the provisions that apply to banking companies also apply to SBI, with certain exceptions. One of these exceptions is that the clause preventing a person from being a director of, or holding an office in, any institu...
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