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🏦 JAIIB IE-IFS Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 18 cards
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IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Which commission recommended the establishment of the RBI, and in what year was the RBI Act passed?
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Genesis of RBI
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 34
WA 34
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
How is 'Banking' officially defined, and under which specific section of the Banking Regulation Act, 1949?
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Definition of Banking (BR Act)
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 32
WA 32
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Who is entrusted with the general superintendence and direction of the affairs and business of the RBI?
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RBI Management (Section 7)
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 27
WA 27
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Which section of the BR Act outlines the various forms of business a banking company may legally engage in?
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Permitted Business for Banks
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 27
WA 27
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
As per Section 24 of the RBI Act, what is the maximum denomination of bank notes that the RBI can issue?
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Denomination of Notes
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 26
WA 26
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IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Under Section 8 of the BR Act, what core commercial activity is strictly prohibited for banking companies?
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Prohibition of Trading
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 26
WA 26
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Which section empowers the RBI to inspect any banking company's books and accounts at any time?
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Power of Inspection (Sec 35)
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 26
WA 26
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Which section of the RBI Act grants the Reserve Bank the sole right to issue bank notes in India?
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Right to Issue Bank Notes
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 25
WA 25
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
What is the maximum period a bank can hold immovable property not required for its own use, as per Section 9 of the BR Act?
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Disposal of Non-Banking Assets
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 25
WA 25
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
According to Section 20 of the BR Act, on what two specific grounds is a bank restricted from making loans?
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Restrictions on Loans (Sec 20)
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 24
WA 24
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IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Which section of the Banking Regulation Act mandates that no company shall carry on banking business without a license from RBI?
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Licensing of Banks
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 24
WA 24
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
How often must a bank submit a return to the RBI regarding accounts that have not been operated, and what is the time frame?
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Unclaimed Deposits (Sec 26)
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 23
WA 23
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
If a bank is acting in a manner detrimental to depositors, under which section can the RBI issue binding directions to the bank?
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RBI Power to Give Directions
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 22
WA 22
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Which specific sections of the BR Act introduced the facility for nominations in deposit accounts and safe deposit lockers?
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Nomination Facilities
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 19
WA 19
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Under Section 4 of the RBI Act, what was the initial paid-up capital of the Reserve Bank of India?
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RBI Initial Capital
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 22
WA 22
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IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
According to Section 28 of the RBI Act, does a person have a legal right to recover value for lost or mutilated notes?
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Mutilated & Lost Notes
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 19
WA 19
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Under Section 15 of the BR Act, what condition must a bank meet before paying any dividend on its shares?
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Restrictions on Dividends
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 19
WA 19
IE-IFS Capsule Cards PRO Banking Laws – Reserve Ba…
Under Section 36ACA of the BR Act, what drastic action can the RBI take regarding a bank's Board of Directors?
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Supersession of Bank Board
Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 19
WA 19
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Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 — JAIIB IE-IFS Capsules

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All 18 cards on this page
Genesis of RBI Which commission recommended the establishment of the RBI, and in what year was the RBI Act passed? Definition of Banking (BR Act) How is 'Banking' officially defined, and under which specific section of the Banking Regulation Act, 194… RBI Management (Section 7) Who is entrusted with the general superintendence and direction of the affairs and business of the RBI? Permitted Business for Banks Which section of the BR Act outlines the various forms of business a banking company may legally engage… Denomination of Notes As per Section 24 of the RBI Act, what is the maximum denomination of bank notes that the RBI can issue? Prohibition of Trading Under Section 8 of the BR Act, what core commercial activity is strictly prohibited for banking companie… Power of Inspection (Sec 35) Which section empowers the RBI to inspect any banking company's books and accounts at any time? Right to Issue Bank Notes Which section of the RBI Act grants the Reserve Bank the sole right to issue bank notes in India? Disposal of Non-Banking Assets What is the maximum period a bank can hold immovable property not required for its own use, as per Secti… Restrictions on Loans (Sec 20) According to Section 20 of the BR Act, on what two specific grounds is a bank restricted from making loa… Licensing of Banks Which section of the Banking Regulation Act mandates that no company shall carry on banking business wit… Unclaimed Deposits (Sec 26) How often must a bank submit a return to the RBI regarding accounts that have not been operated, and wha… RBI Power to Give Directions If a bank is acting in a manner detrimental to depositors, under which section can the RBI issue binding… Nomination Facilities Which specific sections of the BR Act introduced the facility for nominations in deposit accounts and sa… RBI Initial Capital Under Section 4 of the RBI Act, what was the initial paid-up capital of the Reserve Bank of India? Mutilated & Lost Notes According to Section 28 of the RBI Act, does a person have a legal right to recover value for lost or mu… Restrictions on Dividends Under Section 15 of the BR Act, what condition must a bank meet before paying any dividend on its shares? Supersession of Bank Board Under Section 36ACA of the BR Act, what drastic action can the RBI take regarding a bank's Board of Dire…
Chapters in this paper
Micro Finance Institutions Non-Banking Financial Companies (NBFCs) Fixed Income Markets – Debt and Bond Markets Interconnectedness of Markets and Market Dynamics Merchant Banking Services Foreign Exchange Markets (IE-IFS) Factoring, Forfaiting and Trade Receivables Discounting System (TReDS) Venture Capital Lease Finance and Hire Purchase Credit Rating and Credit Scoring Pension Products Para Banking and Financial Services Provided by Banks Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) An Overview of Indian Economy Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies Indian Financial System – An Overview
Modules in IE-IFS
MODULE A: Indian Economic Architecture MODULE B: Economic Concepts Related to Banking MODULE C: Indian Financial Architecture MODULE D: Financial Products & Services
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
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