The banking regulation act is a set of rules which govern the banking sector in india. Discuss the banking regulation act ppt within the law laws governing banking and insurance forums, part of the upload download banking and insurance projects and notes category. Download ppt banking legislation in india banking regulation act 1949 the banking regulation act 1949 as amended up to date contains the following. The capital of the bank shall be five crores of rupees.
Drawing, making, accepting, discounting, buying, selling, collecting, and dealing in bills of exchange, hundies, promissory notes, coupons etc. There are many provisions of banking regulation act 1949 and we are going to the topic about business of banking companies. Comparisons across the countries show there is a wide range of banking structures and supervisory practices, and. Bank and financial institution act, 2073 2017 begging prohibition act, 2018 1962 birta abolition act, 2016 1959 birth, death and other personal events registration act, 2033 1976 blackmarketing and some other social offenses and punishment act, 2032 1975 showing 1 to 30 of 301 entries. Jaiib legal and regulatory aspects of banking 3rd edition pdf free download. Winner of the standing ovation award for best powerpoint templates from presentations magazine. Banking regulations are a form of government regulation that subjects banks to certain requirements, restrictions, and guidelines.
Free download jaiib legal and regulatory aspects of banking. A regulations and compliance legal framework of regulation of banks. Companies act 1956 defining company, negotiable instrument act defining public holiday. Acts iii, xvii of 2009, ii of 2010, ii, x of 2011, xx of 20, x, xxi of 2015, x, xxxi of 2017. All the commercial banks in india scheduled and nonscheduled is regulated under banking regulation act 1949. Ppt consumer protection act powerpoint presentation. The free banking era, characterized as it was by a complete lack of federal control and regulation, would come to an end with the national banking act.
May 19, 2020 banking regulation act latest breaking news, pictures, videos, and special reports from the economic times. This macmillans book is recommended for jaiib paper iii which is legal and regulatory aspects of banking. Passed as the banking companies act 1949, it came into force from 16 march 1949 and changed to banking regulation act 1949 from 1 march 1966. The entire law is often referred to as the glasssteagall act, after its congressional sponsors, senator. Generally, an ebook can be downloaded in five minutes or less. It empowers the reserve bank of india to license banks and work as a banking. It integrates theories, history, and policy debates, thereby providing a strategic approach to understanding global policy principles and banking. The granting and issuing of letters of credit or various kinds, travelers cheque etc. May 24, 2017 the banking regulation act is a set of rules which govern the banking sector in india.
This paper provides detailed information on banking structure, permissible banking activities, regulatory structure, deposit insurance schemes, and supervisory practices in each of the 15 european union countries, as well as in canada, japan, switzerland, and the united states. The banking regulation amendment bill, 2017 seeks to amend the banking regulation act, 1949 and replace the banking regulation amendment ordinance, 2017, which was. Then, banks lobbied to deregulate branching restrictions 1994 riegleneal interstate banking and branching efficiency act, to be able to participate in broader financial activities 1999 financial modernization act, and to limit regulation in the derivative markets 2000 commodity futures modernization act. We are sharing you legal and regulatory aspects of banking by macmillans publication by iibf for jaiib exam. Whereas it is expedient to consolidate and amend the law relating to banking 2. Theyll give your presentations a professional, memorable appearance the kind of sophisticated look that todays audiences expect. Banking regulation act,1949 powerpoint ppt presentation. In a series of sharing useful study material for upcoming banking exams. Jul 27, 2010 for subparagraph b ii of the definition of banking business in subsection 5 1 of the act, the activities of credit card acquiring and credit card issuing are banking business, if performed by a participant in a credit card scheme that was designated as a payment system under section 11 of the payment systems act on 11 april 2001. For subparagraph b ii of the definition of banking business in subsection 5 1 of the act, the activities of credit card acquiring and credit card issuing are banking business, if performed by a participant in a credit card scheme that was designated as a payment system under section 11 of the payment systems act on 11 april 2001. The banking regulation act, 1949 national bank for. Banking laws and regulations usa laws and regulations. After a decade of global regulatory reforms defined by the financial crisis and misconduct issues, the regulatory environment is changing profoundly. Definitions following definitions commonly used in banking regulations act.
Hi friends as banking regulation act is quite big and it is very tedious to read thats why here im. Overview of the banking regulation act etc slideshare. The entire law is often referred to as the glasssteagall act, after its congressional sponsors, senator carter glass of virginia, and representative henry. This video will be helpful for cacpt, mba, ssccgl, b.
Important sections in reserve bank of india rbi act 1934. Chapter 1 addresses the question of why banks are regulated in order to establish the basic purposes, rationale, and goals for bank ing regulation, and to provide a framework for evaluating bank regulations. Dec 12, 2016 this regulation remakes the banking regulations 1966 before its sunset date. This act may be cited as the banking act interpretation 2. The public financial institutions laws amendment act, 1975 52 of 1975. Negotiable instrument act1881 the bankersbooks evidence act1891 the reservebank of india act1934 the industrial finance corporation of india act1948 the banking companies legal practitioner clients accounts act1949 the industrial disputes banking and insurance companies act1949. Oct 10, 2012 the banking regulation act 1949 extends to whole of india. Here we have listed the acts related to banking sector. Banking regulation act, 1949 bare acts law library.
Aug 26, 2011 provisions of the banking regulation act, 1949 are not in substitution of other laws applicable, unless otherwise expressly said section 2 sub 56 b act is not applicable to 1 primary agricultural society 2 cooperative land mortgage bank 3 any other cooperative society except as provided by sec. Banking companies acquisition and transfer of undertaking act, 1969 debts recovery appellate tribunal procedure rules, 1994 foreign contribution regulation act, 1976. The banking and regulations act was enacted to safeguard the interest of the depositors and to control the abuse of powers by controlling the banks by any means necessary and to the interest of indian economy in general. By definition, any bank which is listed in the 2nd schedule of the reserve bank of india act, 1934 is considered a scheduled bank. Notwithstanding that the balancesheet of a banking company is under subsection 1 required to be prepared in a form other than the form 3set out in part i of schedule vi to the companies act, 1956 1 of 1956, the requirements of that relating to the balancesheet and profit and loss account of a company shall, in so far as they are not. Which act in india focuses on data privacy and information technology. Sec 5 b of the act defines banking as, accepting for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise. Gain industry insights into a profoundly changing banking regulatory environment and the current trends financial services institutions should monitor in 2020. Principal provisions of banking regulation act, 1949.
The government has notified the banking regulation amendment act under which it can authorise the rbi to issue directions to banks to initiate insolvency resolution process to recover bad loans. Worlds best powerpoint templates crystalgraphics offers more powerpoint templates than anyone else in the world, with over 4 million to choose from. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. The banking regulation act, 1949 is a legislation in india that regulates all banking firms in india. This regulation remakes the banking regulations 1966 before its sunset date. The banking sector is saddled with nonperforming assets of over rs 8 lakh crore, of which rs 6 lakh crore is with public sector banks psbs. Legal framework of regulation of banks what is banking. Establishment of offices, branches and agencies section 8. May 07, 2020 the free banking era, characterized as it was by a complete lack of federal control and regulation, would come to an end with the national banking act of 1863 and its later revisions in 1864 and. Sep 04, 2015 a read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. A free powerpoint ppt presentation displayed as a flash slide show on id. Principles and policies covers the global regulation of financial institutions.
An act to consolidate and amend the law relating to banking 1 whereas it is expedient to consolidate and amend the law relating to banking 2. Commercial bank and its role, functions and nationalisation of commercial banks part2. The banking regulation act, 1949 reserve bank of india. Banking regulation in the united states remains an evolving and complex area as regulations and supervisory guidance implementing the doddfrank act and other postcrisis reforms are revised by the trump administration that seeks to reduce regulatory burden on the industry or certain portions of it. Banking in india types of banks banking classification. Today we are providing banking awareness handwritten notes in pdf format. In the banking regulation act, 1949 hereinafter referred to as the principal act, after section 35a, the following sections shall be inserted. Government notifies changes in banking regulation act. Free download jaiib legal and regulatory aspects of. Consumer protection act consumer protection act enacted by the parliament in 1986 to provide for better protection of interest of consumers. Commercial banking structure, regulation, and performance. Introduction banking means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise.
Buy banking regulation act 1949 book online at low. Specifically, the regulation implements the statutory exceptions that allow a bank, subject to certain conditions, to continue to conduct securities transactions for its customers as part of its trust and fiduciary, custodial, and deposit sweep functions and to refer customers to a securities brokerdealer pursuant to a networking arrangement. Prudential guidelines on capital adequacy and market discipline camd for fis. In general, banking regulations seek to uphold the soundness and integrity of the financial system. Buy banking regulation act 1949 book online at best prices in india on.
The banking regulation act ppt management paradise. Reserve bank of india act 1934 and important sections june 2, 2017 june 14, 2017 shubhra the reserve bank of india act 1934 is an act to constitute a reserve bank of india rbi and provide the central bank rbi with various powers to act as the central bank of india. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. Banking laws and regulations usa laws and regulations gli. Short title, extent and commencement 1 this act may be called the banking 3 regulation act, 1949. Banking regulations, laws and acts that apply to the. Short title, extent and commencement1 this act may be called the banking 2 regulation act, 1949.
A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. It empowers the reserve bank of india to license banks and work as a. Provisions of the banking regulation act, 1949 are not in substitution of other laws applicable, unless otherwise expressly said section 2 sub 56 b act is not applicable to 1 primary agricultural society 2 cooperative land mortgage bank 3 any other cooperative society except as provided by sec. The composition of central board of reserve bank of india. Banking means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdraw able by cheque, draft, order or otherwise. Ppt consumer protection act powerpoint presentation free. Full text containing the act, banking regulation act, 1949, with all the sections, schedules, short title, enactment date, and footnotes.
Banking regulation act latest breaking news, pictures, videos, and special reports from the economic times. Banking regulation act, 1949 banking company bankexamstoday. The banking regulation act 1949 extends to whole of india. Banking regulation act blogs, comments and archive news on. Ppt banking regulation act,1949 powerpoint presentation. There are total 61 sections in the rbi act 1934 some important sections are listed below.
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