Tag: penalties

The Banking Regulation Act, 1949: Penalties and Powers 

The Banking Regulation Act, 1949 was passed by the parliament in the year 1949 with the aim to regulate all banks along with consolidating and amending the banking laws in India. It regulates and supervises the functioning of the commercial banks in India. Before 1965, the Act only took into…

Continue Reading The Banking Regulation Act, 1949: Penalties and Powers