Tag: #licenses

The Banking Regulation Act of 1949 is an important law in India that says how banks should work and how they should be regulated. It was signed into law on March 10, 1949, and has been changed many times to keep up with changes in the banking industry and to deal with new problems. The main goal of the Banking Regulation Act of 1949 is to make sure that India's banking system is stable and works well. It gives the Reserve Bank of India (RBI) the power as the country's...