Banking Regulation Act, 1949 1. The law relating to banking came into force on 16.03.1949 under the name of the Banking Companies Act 1949. 2. W.e.f. 01.03.1966 its name was changed to Banking Regulation Act, 1949. 3. Originally the Act …
1. Statutory Liquidity Ratio is maintained as per section 24 of Banking Regulation Act. 2. As per amendment to section 24 of the Banking Regulation Act, the provision relating to maintenance of minimum SLR of 25% of NDTL has been …
1. Scheduled Commercial Banks are required to maintain GRR as per section 42(1) of RBI Act. 2. Banks are required to maintain certain percentage of Net Demand & Time Liabilities as cash with RBI. 3. With effect from 1st April …
Reserve Bank of India Act, 1934 Reserve Bank of India Act, 1934 came into force on 01.04.1935. RBI was established on the recommendations of the Hilton Young Commission. Section 4 : The capital of RBI shall be 5 crores of …