Professional Documents
Culture Documents
SPECIFIC ISSUE
INTRODUCTION
Reserve Bank Of India draws its powers to
effectively discharge its regulatory and
supervisory functions.
There are various institutions which has
been formed for the welfare of the public.
Some of its are Banking Regulation Act,
Foreign Exchange Management Act,
Banking Ombudsman scheme, Financial
Sector Reforms and other institutions like
NABARD,IDBI,DFHI,IRBI and UTI.
Banking Regulation Act
Need for comprehensive banking
legislation.
Motive for the Banking Regulation Act
Broad coverage of Banking Regulation Act
(a)Part I deals with short titled, extend and
commencement
(b)Part II deals with the constitution and
governance aspects
(c)Part III deals with suspension of business
and winding of banking companies
(c)Part III deals with
suspension of business and
winding of banking companies
(d)Part IV deals with
miscellaneous aspects
(e)Part v deals with application
of the Act
PRINCIPLES OF BANKING REGULATION ACT