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(CIN/A) : House Nor Invest in Non-Allied Enterprises
(CIN/A) : House Nor Invest in Non-Allied Enterprises
Commercial Bank
Has the authority to exercise the powers of (CIN/A)
Ordinary banks governed by the GBL which have
o a commercial bank
lower capitalization requirement than universal banks
Can exercise neither powers of an investment
o an investment house
house nor invest in non-allied enterprises
o invest in non-allied enterprises
have the highest capitalization
primarily governed by the GBL
Additional Powers
NONE
Additional powers other than those authorized for
commercial banks (KB)
Type of Investments
Allied
Allied
o Financial
o Financial
o Non-financial
o Non-financial
Non-Allied
Powers
Authority to exercise the powers of
General powers incident to corporations
o a commercial bank
Such powers necessary to carry on the business of
o an investment house
KB:
o Accepting drafts and issuing LOC
o invest in non-allied enterprises
o Discounting and negotiating PN, drafts, BOE and
other evidence of debt
o Accepting or creating demand deposits, receiving
other types of deposits and deposit substitutes
o Buying and selling forex and other debt securities
Extending credit
Total Investments in Allied Enterprises
N/A
N/A