Section 45 of RBI Act : Section 45: Appointment Of Agents
RBI Act
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Explanation using Example
Example Application of Section 45 of The Reserve Bank of India Act, 1934:
Imagine a scenario where the Reserve Bank of India (RBI) decides to enhance the convenience of banking services in rural areas where its direct presence is limited. To achieve this, the RBI, under Section 45 of the RBI Act, appoints the State Bank of India (SBI) a...
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