Question
Banking Regulation Act was enacted in _______________.
Solution
The Banking Regulation Act, 1949 is a law. It regulates the functioning of banks and provides details on several aspects including licensing, management, and operations of banks in India. It had been passed as the Banking Companies Act, 1949 and came into force from March 16, 1949.
Which committee recommended the introduction of the Financial Stability and Development Council (FSDC) in India?
Which regulatory body oversees the securities market in India?
What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank?
What is the primary objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
Which of the following terms refers to the process of merging multiple loans into a single loan with a lower interest rate?
Which financial instrument is used to raise shortterm funds by the government?
The Government of India has recently sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC B...
Which of the following are instruments that facilitate purchase of goods and services, conduct of financial services, enable remittance facilities, etc....
Which feature distinguishes a current account from a savings account?
Securities Appellate Tribunal (SAT) established in which of the following year?
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