📝 One-liners · 66 cards
BANKING LAWS
Which Act is the primary legislation governing the regulation of banking companies in India?
The Banking Regulation Act, 1949 is the primary legislation governing banking companies in India, prescribing rules for licensing, management, and operations of banks.
What is the full form of SARFAESI and under which year was it enacted?
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Under which Act was the Reserve Bank of India established?
The Reserve Bank of India was established under the Reserve Bank of India Act, 1934, which also defines its functions, powers, and governance structure.
Under the Banking Regulation Act, 1949, what is the restriction on voting rights of shareholders?
No shareholder can exercise voting rights exceeding 26% of total voting rights
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for BANKING LAWS.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days