App Logo

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:

How is the income in an NRO account treated for taxation in India?
What is the maximum loan size limit for 50% of the portfolio of Small Finance Banks?
A cheque bearing a date later than the date of issue is
Which ATM is typically found in public locations like malls or railway stations?
What is required for repatriating funds from an NRO account?