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Regional Rural Banks are empowered to transact the business of banking as defined under:
Regional Rural Banks Act, 1976
Negotiable Instruments Act, 1881
Banking Regulation Act, 1949
The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
Regional Rural Banks are empowered to transact the business of banking as defined under Banking Regulation Act, 1949.
Every Regional Rural Bank shall carry on and transact the business of banking as defined in clause (b) of section 5 of the Banking Regulation Act, 1949, and may engage in one or more forms of business specified in sub-section (1) of section 6 of that Act.
By: santosh ProfileResourcesReport error
ayush rao
but which answer is correct explain plz option A OR C
C option is correct option. Every Regional Rural Bank shall carry on and transact the business of banking as defined in clause (b) of section 5 of the Banking Regulation Act, 1949, and may engage in one or more forms of business specified in sub-section (1) of section 6 of that Act.
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