Business Studies, asked by harshittomar2006, 7 months ago

Q. 1 Describe the Banking
Regulation Act, 1949 with its
objectives.

Answers

Answered by saku338

0

The act came into force on March 16th 1949. It relates to various aspects vis-a-vis banking in India. The main objective of the banking regulation act is to ensure sound banking through regulations covering the opening of branches and the maintenance of liquid assets

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