The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India.Initially, the law was applicable only to banking companies. But, 1965 it was amended to make it applicable to cooperative banks and to introduce other changes.
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Reserve Bank of India website - https://www.rbi.org.in/scripts/OccasionalPublications.aspx?head=Banking%20Regulation%20Act
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