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[Cites 0, Cited by 5] [Section 10] [Entire Act]

Union of India - Subsection

Section 10(2) in The Banking Regulation Act, 1949

(2)In forming its opinion under sub-clause (iii) of clause (b) of sub-section (1), the Reserve Bank may have regard among other matters to the following:-
(i)the financial condition and history of the banking company, its size and area of operation, its resources, the volume of its business, and the trend of its earning capacity;
(ii)the number of its branches or offices;
(iii)the qualifications, age and experience of the person concerned;
(iv)the remuneration paid to other persons employed by the banking company or to any person occupying a similar position in any other banking company similarly situated; and
(v)the interests of its depositors.
[[* * *] [Substituted by Act 33 of 1959, Section 6, for sub-Section (3) (w.e.f. 1.10.1959).]