Sec 21: Power of RBI to control loans and advances Power of RBI to appoint Additional Directors Power of RBI to appoint Chairman/ MD of a bank POWERS OF RBI Sec 35: Inspection of Banks Power of RBI to remove managerial and other persons from office Power of RBI to appoint liquidator BANKING REGULATION ACT, 1949 Power of RBI to give directions Power of RBI to impose penalty Power of RBI to give advice to Central Government Sec 37: Suspension of Banking Business Banking Company which is temporarily unable to meet its obligations, may apply to the High Court praying for an order staying the commencement on continuance of all actions and proceeding against it for a period not exceeding 6 months. Winding up of Banking Business