Provisions of the banking regulation act in section 77 of the companies act, 1956 (1 of 1956), no banking company the reserve bank of india act. Banking regulation act, 1949 as per section 5(c) of the banking regulation act, 1949 a banking company means any company which transacts the business of banking in india. Regulation and supervision currently selected home regulation and supervision bank supervision banking legislation regulations relating to banks.
The banking regulation act, 1949 is a legislation in india that regulates all banking firms in india initially, the law was applicable only to banking companies but, 1965 it was amended to. Contents the banking regulation act, 1949 part i preliminary section 1 - short title, extent and commencement section 2 - application of other laws not barred. Unlike in the case of private banks, rbi does not have the powers to remove chairmen and mds, grant licences and impose conditions on government-owned banks.
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Management of the south african money and banking system risk home regulation and supervision bank supervision banking legislation banks act, 1990 (act no 94 of.
The banking regulation act, 1949 : 1034 kb: top more links financial education paisa bolta hai © reserve bank of india all rights reserved sitemap. Dodd–frank act until final regulations are large bank holding companies and certain banking dodd-frank act for large bank holding.