Explain in detail RBI'S Control over management of Banking companies.
Answers
Answered by
0
The Act gives the Reserve Bank of India (RBI) the power to license banks, have regulation over shareholding and voting rights of shareholders; supervise the appointment of the boards and management; regulate the operations of banks; lay down instructions for audits; control moratorium, mergers and liquidation; issue ...
Answered by
0
Explanation:
For other entities, it derives power from the RBI act 1934. The objectives of this function are to protect the interest of the depositors and maintain the safety and soundness of the banking and Financial System of the country.
Similar questions