Home › IBPS Clerk › Banking Awareness › RBI Act & BR Act › These Directions are issued under which Act?
These Directions are issued under which Act?
ABanking Regulation Act
BBanking Registration Act
CBanking Requisition Act
DBanking Resolution Act
Answer & Solution
Correct answer: A. Banking Regulation Act
1. The Reserve Bank draws its power from a statute.
2. Sections 21 and 35A are among those cited.
3. The Act is the Banking Regulation Act, 1949.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
Related questions
Which section gives the Bank power of direct discount?Which section requires publication of a consolidated statement?Section 45Z provides that its Chapter shall do what to other provisions?Which section provides for the appointment of agents?Which section governs transactions in foreign exchange?Which section deals with obligations in respect of rupee coin?Which section covers the assets of the Issue Department?Which section allows a note series to cease to be legal tender?