Section 36AB. Deals with Power of Reserve Bank to appoint additional Directors :

Other compliance requirements

Section 29 – Every bank needs to publish its balance sheet as on March 31st

Section 30(1) – Audit of Balance sheet by qualified auditors

Section 35 gives powers to RBI to undertake inspection of banks

Various others sections deal with important returns which are to be submitted by banks to Reserve Bank of India

– Return of bank’s liquid assets and liabilities	(Monthly)
– Return of bank’s assets and liabilities in India	(Quarterly)
– Return of unclaimed deposits of 10 years and above	(Yearly)

With changing time and requirements from time to time, various other compliance issues which need to be handled by banks, have been amended/incorporated relating to:

– Nomination facilities

– Time period for preservation of bank books/records