The Government has decided to amend the Banking companies Act to give public sector banks, the Rights of Passage. What is a Rights of Passage ?

The banks can seize the hypothecated goods

The banks can raise equity capital through rights issue

The banks can rise tier I capital

The banks can issue innovative Perpetual Bonds

The Government has decided to amend the Banking companies Act to give

1.	The Government has decided to amend the Banking companies Act to give public sector banks, the Rights of Passage. What is a Rights of Passage ?
A.	The banks can raise equity capital through rights issue
B.	The banks can seize the hypothecated goods
C.	The banks can rise tier I capital
D.	The banks can issue innovative Perpetual Bonds
E.	None of these
Answer» B. The banks can seize the hypothecated goods

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The Government has decided to amend the Banking companies Act to give public sector banks, the Rights of Passage. What is a Rights of Passage ?

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