Challenger App

No.1 PSC Learning App

1M+ Downloads
The power of RBI to issue KYC/AML directions to banks is derived from which legal provision?

ASEBI Act, 1992

BSection 35A of the Banking Regulation Act, 1949

CCompanies Act, 2013

DIndian Contract Act, 1872

Answer:

B. Section 35A of the Banking Regulation Act, 1949

Read Explanation:

.


Related Questions:

Reinstatement policy is related in the case of which policy
Under the Basel III framework, which of the following is NOT a component of the capital that commercial banks are required to maintain?
In performing the agency function of tax collection for the government, a commercial bank’s liability arises primarily due to:
Which of the following is true about “Credit Risk Mitigation” techniques used by commercial banks?
The apex bank for industrial finance in India