Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:

Related MCQs

• The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of               :
• Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of :
• The Priority Sector Lending Certificates (PSLCs) can be traded using the RBI‘s 
• The object of introducing base rate by RBI is (A) Enhancing transparency in lending rates of (B) Enabling better assessment of transmission of monetary (C) Keeping interest rates low
• Normally banks accept fixed Deposits for a maximum period of:
• Fixed deposits and recurring deposits are .
• Fixed deposits and recurring deposits are?
• RBI permitted CBS-enabled Cooperative Banks to issue ATM cards in tie-up with:
• An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of                  
• Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for