Current Volume 7
Abstract
The banking regulations act of India, 1949 defined banking has “Acceptance for the purpose of lending or investment of deposits of money from the public, refund on demand or otherwise and withdraw able cheques, drafts order or otherwise”, the major participating of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institution, specialised financial institution and the state level development banks, Non-banking financial (NBFC) and other market intermediaries such as the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The FL’s on the other hand are relatively new entities in the financial market place. In 1921, all presidency banks were amalgamated to from the establishment of reserve bank of India. It’s involved in all type of commercial banking business excepting dealing in foreign exchange. Reserve bank of India act was passed in 1934 and RBI was founded as apex bank without major government ownership, the banking regulations act was passed in 1949, this regulation carried RBI under government control under the act, RBI got wide ranging powers for supervisions and control of banks. The act also vested licensing the powers and authority to conduct inspections.
Citations
IRE Journals:
Bhadrappa Haralayya
"Study on Loans and Advances for DCC Bank Main Branch Nayakaman, Bidar" Iconic Research And Engineering Journals Volume 4 Issue 12 2021 Page 232-242
IEEE:
Bhadrappa Haralayya
"Study on Loans and Advances for DCC Bank Main Branch Nayakaman, Bidar" Iconic Research And Engineering Journals, 4(12)
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