These were the underlying concerns for having specific regulatory provisions for banks. Some kind of banking regulation began in 1850 in the form of the Companies Act, which was further strengthened ...

The petitioners argued that VCs are not money or other legal tender, but only goods/commodities, thus falling outside the purview of the RBI Act, 1934, Banking Regulation Act, 1949 and the Payment ...

The Banking Regulation Act, 1949, gave the RBI powers to licence and regulate banking activity across India. The Act defined many aspects around banking to give clear directions to the regulator.

The finance minister recently proposed amendments in the Banking Regulation (BR) Act, 1949. Interestingly, 2024 also marks 75 years of the BR Act, which is one of the first few laws passed after ...

A number of bodies which will govern the payments are Banking Regulation Act, 1949; Reserve Bank of India Act, 1934; Payment and Settlement Systems Act, 2007; Foreign Exchange Management Act, 1999 ...

The apex bank has imposed the said directions under Section 35A of the Banking Regulation Act, 1949. Let's understand what is this act and what powers is the RBI vested with under it.

The Banking Regulation Act, 1949 is a law that regulates banking firms in India. This act has been amended by the Banking Regulation (Amendment) Bill, 2020. SBI PO Notification 2025 OUT, Check Here ...

The Reserve Bank of India Act, 1934, may need to be amended to facilitate the setting of a public credit registry (PCR), RBI Deputy Governor Viral Acharya said on Monday. Underscoring the vital ...

The Banking Regulation Act, which regulates and supervises banking companies in the country does not fully apply to the State Bank of India (SBI) and other Public Sector Banks (PSBs), The Economic ...

NEW DELHI: The Union Cabinet on Wednesday approved an amendment to the Banking Regulation Act that will empower the Reserve Bank of India to regulate 1,540 co-o E-PAPER NATION ...

However, there is no extension in timeline for submission of statutory returns -- returns prescribed under the Banking Regulation Act, 1949, RBI Act, 1934 or any other Act ...

Amendments will give RBI powers to directly intervene in the issue and instruct banks for speedy redressal. Mumbai: The Union Cabinet on Wednesday cleared an Ordinance proposing amendment in the ...