Governing Act RBI Act, 1934, and Banking Regulation Act, 1949; Banking Regulation Act, 1949, and RBI guidelines; Regional Rural Banks Act, 1976; Cooperative Societies Act and Banki... Governing Act RBI Act, 1934, and Banking Regulation Act, 1949; Banking Regulation Act, 1949, and RBI guidelines; Regional Rural Banks Act, 1976; Cooperative Societies Act and Banking Regulation Act, 1949; Minimum capital requirements; Purpose and services of various banking institutions.

Understand the Problem

The question appears to be a compilation of various banking laws and regulations in India, including their purposes, eligibility for licenses, and services offered. It seems to seek information or clarification on these topics, particularly focusing on the governance and roles of different banking entities as per the specified acts.

Answer

Governing acts for Indian banking: RBI Act, 1934; Banking Regulation Act, 1949; Regional Rural Banks Act, 1976; Cooperative Societies Act.

The governing acts for banking in India include the RBI Act, 1934; Banking Regulation Act, 1949; Regional Rural Banks Act, 1976; and Cooperative Societies Act.

Answer for screen readers

The governing acts for banking in India include the RBI Act, 1934; Banking Regulation Act, 1949; Regional Rural Banks Act, 1976; and Cooperative Societies Act.

More Information

These acts ensure proper regulation, licensing, and management of banks in India. The RBI Act establishes the Reserve Bank of India, while the Banking Regulation Act oversees banking companies. The Regional Rural Banks Act is for RRBs and the Cooperative Societies Act for cooperative banks.

Tips

A common mistake is confusing the functions of these acts, e.g., assuming the RBI Act only deals with monetary policy.

Sources

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