Which section of banking regualtion act 1949 gives power to rbi to impose penalty?
Answers
Answered by
0
Answer:
Power of RBI to impose penalties
The Banking Regulation Act, 1949 confers power on Reserve Bank of India under Section 47(A) to impose penalties if there has been any default or contravention. ... 25,000 until the default comes to an end.
Similar questions
Social Sciences,
4 months ago
Math,
4 months ago
Physics,
4 months ago
Computer Science,
9 months ago
Math,
9 months ago
Biology,
11 months ago