According to which act the banking company regulate
Answers
Answered by
0
The Banking Regulation Act, 1949,
it is a legislation in India that regulates all banking firms in India.Passed as the Banking Companies Act 1949, it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1March 1966. It is applicable in jammu and kashmir from 1956. Initially, the law was applicable only to banking companies. But, 1965 it was amended to make it applicable to cooperative banks and to introduce other changes
it is a legislation in India that regulates all banking firms in India.Passed as the Banking Companies Act 1949, it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1March 1966. It is applicable in jammu and kashmir from 1956. Initially, the law was applicable only to banking companies. But, 1965 it was amended to make it applicable to cooperative banks and to introduce other changes
Similar questions