Question

Banking companies carry business as per_______________

a) Banking Regulation Act b) Companies Act

c) Cooperative Society Act d) All of these​

Answer 1

Answer:

“banking” means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, draft, order or otherwise; (c) “banking company” means any company which transacts the business of banking 10