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Both public and private banks need to follow the directions laid by the regulatory organization. Every banking company incorporated in india has to create a reserve fund as per section 17 of the banking regulation act, 1949. Notices should be sent to us at the address for your applicable contracting entity, with a copy to our legal department, 333 summer street, boston, massachusetts 02210 usa. Buy legal and regulatory aspects of banking jaiib 3rd. The act was initially known as banking companies act, 1949. Dear jaiib aspirants, you can give mock test of principles and practice, legal and regulatory aspects of banking and test your preparation. Regulation of money market instruments rbi, in public interest to regulate the financial system of the country to its advantage, to determine the policy relating to interest rate or interest rate products give directions in that behalf. Legal and regulatory aspects of banking jaiib free ebook download as pdf file. More than 1,450 corporate legal departments have chosen legal tracker for their matter management, ebilling, and analytics. When an order cheque is endorsed in blank, it becomes payable to bearer and. Legal and regulatory aspects of banking jaiib reserve bank of. South carolina legal services apply for legal help.
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