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Section 10B. Banking company to be managed by whole time chairman: (1) Notwithstanding anything contained in any law for the time being in force or in any contract to the contrary, every banking company in existence on the commencement of the Banking Regulation (Amendment) Act, 1994 (20 of 1994), or which comes into existence thereafter shall have one of its directors, who may be appointed on a whole-time or a part-time basis as chairman of its Board of directors, and where he is appointed on a whole-time basis, as chairman of its Board of directors, he shall be entrusted with the management of the whole of the affairs of the banking company: Provided that the chairman shall exercise his powers subject to the superintendence, control and direction of the Board of directors.
The IMF and the World Bank were conceived as institutions to-
Which of the following days is known as ‘GST Day’?
__________ is going to set up a branch office in the International Financial Services Centre, GIFT City, Gandhinagar, Gujarat that will enable the com...
Which of the following Statements about the DICGC is/are True?
I- Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned...
TReDS is the acronym for which of the following?
Which is correct about Union Budget 2017?
i. The government targets to bring 1 crore households out of poverty ...
Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
What is the theme of RBI’s recently announced third cohort of Regulatory Sandbox?
National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme. NPS is regulated by?
RBI recently approved ____________________ for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).