Economy, asked by njana2162, 1 year ago

Salient features anf significance of banking regulation act 1949

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Answered by FeverBRAINLY

Answer:

The Banking Regulation Act, 1949 came into force on March 16, 1949. It contained various aspects related to banking in India. Its purpose is to: Provide safety in the interest of depositors. The salient features of this Act are as follows.

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