Question

What is RBI act 1956 ?​

Answer 1

Explanation:

The Act supplements the Companies Act, 1956. ... In 1965, the Act was amended to include cooperative banks under its purview by adding the Section 56. Cooperative banks, which operate only in one state, are formed and run by the state government. But, RBI controls the licensing and regulates the business operations.

Answer 2

Answer:

The Reserve Bank of India (Amendment) Act, 1955 (24 of 1955). 24. The Agricultural Produce (Development and Warehousing) Corporations Act, 1956 (28 of 1956).

Explanation:

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