Social Sciences, asked by subakathir05, 3 months ago

indian banking regulation act was established in ——

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Answered by Anonymous

9

Answer:

1949

The Banking Regulation Act, 1949 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 1 March 1966. Initially, the law was applicable only to banking companies.

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