Fill in the blanks with apt word(s)
- In India, the business of banking is governed by the _____ Act, 1949.
- In addition to this 1949 Act, corporate entities carrying on the business of banking are governed by the _____ Act.
- The _____ controls and supervises the activities of banking companies in India.
- Section _____ of the Banking Regulation Act provides a detailed list of the form of business a banking company can do, in addition to banking business.
- The minimum paid-up capital and reserves to be complied with by a banking company, which is incorporated in India and if it has place of business in more than one state but not in Mumbai or Kolkata is _____.
- U/S 17 of the Banking Regulation Act, a banking company incorporated in India is required to create _____ of its net profit and transfer to statutory reserve.
- According to Section 13 of the Banking Regulation Act, a bank cannot pay more than _____ of the paid-up value of shares by way of commission, brokerage, etc.
- A sum of at least _____ of its time and demand liabilities has to be maintained as cash reserve as per Section 18.
- At present, the norm for statutory liquidity ratio (SLR) as per Reserve Bank of India is _____ .
- The balance sheet of a banking company should be prepared in Form _____ of Schedule III of the Act.
- The P & L A/c of a banking company has to be prepared in Form _____ of Schedule III of the Act.
- _____ are the basis for recording transactions in banking.
- At present, as per the regulations of RBI, cash reserve is _____.
- All appropriations of profit are to be shown in _____ part of P & L A/c.
- “Interest earned” is shown in Schedule _____ .
- Schedule 14 is related to _____ .
- “Interest expended” is shown in Schedule ____ .
- Depreciation on bank’s property is to be included under the head “ _____ ”.
- Income from “performing assets’ is recorded on “ _____ ”.
- At present, banks are required to create a provision of _____ on standard assets on global loan portfolio basis.