Podcast
Questions and Answers
Which provision outlines the penalties for violations of regulations regarding non-banking institutions?
Which provision outlines the penalties for violations of regulations regarding non-banking institutions?
- 45H
- 45C
- 45D
- 45G (correct)
What does the provision 45E prohibit?
What does the provision 45E prohibit?
- Collection of credit data
- Calling for returns
- Furnishing credit information
- Disclosure of information (correct)
Which chapter contains provisions regarding the power of the Bank to regulate the issuance of prospectuses or advertisements for deposits?
Which chapter contains provisions regarding the power of the Bank to regulate the issuance of prospectuses or advertisements for deposits?
- Chapter IVC
- Chapter IIIB (correct)
- Chapter IVA
- Chapter III-A
What is the focus of provision 45K?
What is the focus of provision 45K?
Provision 45ID grants the Bank the authority to take what action against directors of non-banking financial companies?
Provision 45ID grants the Bank the authority to take what action against directors of non-banking financial companies?
Which provision is associated with the requirement of registration and net owned fund for financial institutions?
Which provision is associated with the requirement of registration and net owned fund for financial institutions?
Which option describes the role of the Bank under provision 45JA?
Which option describes the role of the Bank under provision 45JA?
In which provision is the duty of non-banking institutions to furnish required statements detailed?
In which provision is the duty of non-banking institutions to furnish required statements detailed?
Flashcards
Chapter III-A: Collection and Furnishing of Credit Information
Chapter III-A: Collection and Furnishing of Credit Information
Regulations governing information collection by banks from financial institutions, including credit details and disclosures to ensure transparency and stability in the financial system.
45B: Power of Bank to collect credit information
45B: Power of Bank to collect credit information
The central bank has the authority to collect and analyze credit information from various financial institutions for regulatory purposes.
45C: Power to call for returns containing credit information
45C: Power to call for returns containing credit information
The central bank can demand reports containing specific credit data from financial institutions as part of its oversight functions.
45D: Procedure for furnishing credit information to banking companies
45D: Procedure for furnishing credit information to banking companies
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45E: Disclosure of information prohibited
45E: Disclosure of information prohibited
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45F: Certain claims for compensation barred
45F: Certain claims for compensation barred
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45G: Penalties
45G: Penalties
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Chapter IIIB: Non-banking financial institutions
Chapter IIIB: Non-banking financial institutions
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Study Notes
Issue Department
- Contains details on issuing demand bills and notes, penalties, assets, and liabilities of the department.
- Includes obligations of the government and the bank regarding rupee coin and foreign exchange transactions.
Chapter III-A
- Defines terms related to the collection of credit information.
- Outlines the bank's power to collect credit information.
- Describes the procedures for furnishing information to banking companies.
- Specifies activities prohibited in disclosing information.
- Includes provisions about compensation (and limitations on claims).
Chapter III-B
- Stipulates that Chapter IIIB does not apply in certain situations.
- Provides definitions.
- Details requirements for registration and net owned funds.
- Outlines the maintenance of a percentage of assets.
- Discusses reserve funds.
- Specifies the bank’s authority to remove directors from office
- Covers the powers of the bank to regulate or prohibit the issue of prospectuses or advertisements seeking deposits from non-banking financial companies, other than government companies.
Non-Banking Institutions Receiving Deposits
- Bank's powers to determine policy, issue directions, and collect information on deposits from non-banking institutions
- Bank's authority to call for and provide directions regarding information from various financial institutions.
- Responsibilities of non-banking institutions to furnish statements and other relevant information to the bank.
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Description
This quiz covers critical aspects of the regulations outlined in Chapters III-A and III-B related to credit information, obligations, and banking operations. Test your understanding of bank authorities, registration requirements, and information disclosure protocols. Perfect for students and professionals in finance and banking.
