Bare ActsThe RESERVE BANK OF INDIA ACT, 1934

Section 42

Cash reserves of scheduled banks to be kept with the Bank

Amendment status not verified — confirm the current text below against the official source.

Cash reserves of scheduled banks to be kept with the Bank.—11[(1) Every bank included in the Second Schedule shall maintain with the Bank an average daily balance the amount of which shall not

Section 42 – The RESERVE BANK OF INDIA ACT, 1934 | DailyLaw.ai