Monday, 7 April 2014

Banking Regulation Act, 1949


The Banking Companies Act, presently known as Banking Regulation Act was enacted owing to safeguard the interest of depositors, control abuse of power by some bank personnel controlling the banks in particular and to the interest of Indian economy in general.

Reference: https://www.nabard.org/pdf/India_Banking_BankingRegulationAct1949.pdf

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