Banking
About:
Banking laws aim at providing a legal framework to Banking. These law are required for the smooth, and unquestionable process of working of banks, ambiguity or legal hassle of any sort w.r.t banks can result in massive monetary repercussions, these laws aim at the avoidance of those.
Applicable Laws:
- Negotiable Instruments Act, 1881
- Banking Regulation Act, 1949
- Reserve Bank of India Act, 1934
- Banking Companies (Acquisition and Transfer of Understandings) Act, 1970
- Finance Act, 2011
- Foreign Exchange Management Act, 1999
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