The Banking Regulation Act, 1949 is a key Act to regulate all banking firms in India. What is covered under the Section 24 of this Act?
Section 24 of the Banking Regulation Act, 1949 requires the scheduled commercial banks to maintain minimum proportion of their Net Demand and Time Liabilities (NDTL) as liquid assets in the form of cash, gold and un-encumbered approved securities. This is referred to as the Statutory liquidity Ratio (SLR). Furthermore, under MSF window, banks can avail overnight, up to 2% of their respective NDTL outstanding at the end of the second preceding fortnight. In the event, the banks’ SLR holdings fall below the statutory requirement up to 2% of their NDTL, banks will not have the obligation to seek a specific waiver for default in SLR compliance arising out of use of this facility in terms of notification issued under sub section (2A) of Section 24 of the Banking Regulation Act, 1949.
The Element/Ion which is essential in small quantities for the development of healthy teeth but causes mottling of the teeth if consumed in higher quant...
Which of the following fatty acids does NOT form soap?
What element is used to coat galvanized iron?
Which is the third lightest halogen?
The green colour of the leaves is due to-
Which planet is known as the "Red Planet"?
Potassium Permanganate is used for purifying drinking water, because it –
Which sodium compound is the most popular additive in sauces, salad dressings, and beverages for its preservative action?
The IUPAC name of the compound CH₃ -CH₂ -CH₃ is-
Which of the following elements is not a component of stainless steel?