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The Regional Rural Banks Act, 1976

24A. Inspection, audit and scrutiny by the Sponsor Bank.-

Notwithstanding anything contained in section 19 and without prejudice to the provisions of section 35 of the Banking Regulation Act, 1949, the Sponsor Bank shall, from time to time, monitor the progress of the Regional Rural Banks sponsored by it and cause inspection, internal audit and scrutiny to be made by one or more of its officers and suggest corrective measures to be taken by such Regional Rural Bank.

The Regional Rural Banks Act, 1976 Back

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