Question

Salient features of the banking regulation act1949

Answer 1

Banking Regulation Act, 1949. 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 make it applicable to cooperative banks and to introduce other changes.

Answer 2

The features of regulating act of 1949 are-
1.this act put the administration of India in the hands of a governer general.
2.a board of memebers of six membres were created to guide governer general