Question

Amounts of deposit kept with RBI under section 11(2) Banking regulation act, 1949 is shown under capital for
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Answer 1

Answer:

In the case of Banking Companies incorporated outside India, the amount of deposit kept with Reserve Bank of India, under sub-section 2 of section 11 of the Banking Regulation Act, 1949 should be shown under the head 'capital'; the amount, however, should not be extended to the outer column

Explanation:

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