Accountancy, asked by lovely981491, 8 months ago

direct action by rbi is​

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Answered by XxRedmanherexX
1

Answer:

Direct Action

Under the banking regulation Act, the central bank has the authority to take strict action against any of the commercial banks that refuses to obey the directions given by Reserve Bank of India. There can be a restriction on advancing of loans imposed by Reserve Bank of India on such banks.

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