Banking Regulation Act
The Banking Regulation Act governs banking operations in India. It was enacted in 1949. The Act provides the Reserve Bank of India with regulatory powers. It ensures the stability of the banking system. It also protects depositors’ interests. The Act covers various aspects of banking, including licensing and management. Overall, it plays a crucial role in maintaining financial order and integrity.
The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited with effect from the close of business on 24 April 2026. The bank is...
April 25, 2026