As per Section 25 of the Banking Regulation Act, 1949, the assets in India of every banking company at the close of business on the last Friday of every quarter or, if that Friday is a public holiday, at the close of business on the preceding working day, shall not be less than ______ of its demand and time liabilities in India.
5 374 65782b6345b6c17b0389b785
Q:
As per Section 25 of the Banking Regulation Act, 1949, the assets in India of every banking company at the close of business on the last Friday of every quarter or, if that Friday is a public holiday, at the close of business on the preceding working day, shall not be less than ______ of its demand and time liabilities in India.
- 150%false
- 225%false
- 375%true
- 410%false
- Show Answer
- Workspace
- Discuss