Banking regulation act 1949
This query is : Resolved
nitinarora
(Querist)
18 December 2011
every banking company shall maintain by way of cash reserve or by way of balance in current account with RBI a sum equivalent to at least 3% of the total of its demand and time liabilities as on the last friday of the second preceding fortnight and shall submit before 20th day of evry month a return showing the amt so held on alternate friday during a month ..........plz explain this provision with help of dates(example)
nitinarora
(Querist)
18 December 2011
plz solved it
20 July 2023
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