Name some acts governing Banking Operations?



Name some acts governing Banking Operations?..

Answer / Krete Mishra

1. Banking Regulation Act, 1949: This act regulates the functioning of commercial banks in India. 2. Reserve Bank of India Act, 1934: This act provides for the establishment of the central banking authority, the Reserve Bank of India. 3. Deposit Insurance and Credit Guarantee Corporation Act, 1961: This act establishes a corporation to provide deposit insurance and credit guarantee in India. 4. Securities Exchange Board of India Act, 1992: This act establishes the Securities and Exchange Board of India (SEBI) to regulate the securities market.

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