Banking General Awareness Banking System Question Bank Practice Questions - Banking and Banking Structure - Legal Aspects

  • question_answer
    Nationalised banks have been permitted to offer their equity shares to the public to the extent of 49% of their capital as per amendments made in 1994, in

    A)  Banking Regulation Act, 1949

    B)  Banking Companies (Acquisition and Transfer of Undertakings) Acts 1970/1980

    C)  RBI Act, 1935

    D)  Nationalisation of Banks Act, 1980

    E)  None of the above 

    Correct Answer: B


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