Some kind of banking regulation began in 1850 in the form of the Companies Act, which was further strengthened with the enactment of the Reserve Bank of India (RBI) Act, 1934 which enabled ... was ...

The finance minister recently proposed amendments in the Banking Regulation (BR) Act, 1949. Interestingly ... was established in 1935 via the RBI Act, 1934. The RBI Act, modelled on the lines ...

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.

A number of bodies which will govern the payments are Banking Regulation Act, 1949; Reserve Bank of India Act, 1934; Payment and ... The guidelines issued by RBI will be reviewed from time to ...

These include the Bill for amending the Banking Regulation Act, 1949, which will empower the ... In another Bill aimed at amending the RBI Act, 1934, the Cabinet sought to give the RBI greater ...

It came into force from 16 March 1949 and was changed to the Banking Regulation Act,1949 from 1 March 1966. This act; Empowers the Reserve Bank of India (RBI ... exams like UPSC and state PSCs.

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 (for instance ...

The Banking ... Banking Regulation Act, 1949,” adding that separate items of legislation apply only to SBI, state-owned lenders and regional rural banks (RRBs), the person said. The RBI does ...

Amendments will give RBI powers to directly intervene in ... cleared an Ordinance proposing amendment in the Banking Regulation Act, 1949 that empowers the Reserve Bank of India to license banks ...