Examveda
Examveda

Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list):

A. The bank can seek authority from the RBI

B. Board of directors of that Bank can decide the business suitable to the bank

C. It can be decided by the Bank in the shareholders meeting

D. Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company

Answer: Option D


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