Krish KrishnaKrish Krishna asked 2 years ago
1 Answers
Auditaudit Staff answered 1 year ago

Hello krish,
When 2 sections talk about the same thing we have to make harmonious interpretation and to harmonise best thing is to take whichever is strict.
so in present case, if rbi has prescribed higher limit under sec 22 for getting banking license as compared to sec 11 then we will follow higher requirement of sec 22

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