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Key Provisions of Banking Regulation Act by aki16288 is a document available to read on EtoBox.
What is Key Provisions of Banking Regulation Act about?
The Banking Regulation Act of 1949 governs banking in India. Key aspects include defining banking as accepting deposits withdrawable by cheque, requiring banks to maintain cash reserves and statutory liquidity ratios, and giving the Reserve Bank of India powers such as licensing banks and inspecting them. The act also covers asset classification, income recognition, and provisioning for non-performing assets, with non-performing status triggered if principal or interest is overdue by 90 days for most loans.
- Author
- aki16288
- Language
- EN