Banking · Banking Regulation Act
Under which section of the Banking Regulation Act 1949 is a moratorium granted by the Central Government upon the application of the RBI, and what is the maximum duration for which such a moratorium can be granted at a time?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Section 42; Maximum period of 2 years.
- 2Section 10; Maximum period of 3 months.
- 3Section 35A; Maximum period of 1 year.
- 4Section 45; Maximum period of 6 months.✓
Correct answer
Section 45; Maximum period of 6 months.
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