Question

which act regulates banking services in india ​

Answer 1

Answer:

The Indian banking sector is regulatedby the Reserve Bank of India Act 1934 (RBI Act) and the Banking RegulationAct 1949 (BR Act). The Reserve Bankof India (RBI), India's central bank, issues various guidelines, notifications and policies from time to time toregulate the banking sector.

Answer 2

Explanation:

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The Indian banking sector is regulated by the Reserve Bank of India Act 1934 (RBI Act) and the Banking Regulation Act 1949 (BR Act). The Reserve Bank of India (RBI), India's central bank, issues various guidelines, notifications and policies from time to time to regulate the banking sector.