Regulatory Framework
Besides, the above enactments, the provisions of the Reserve Bank of India Act, 1934, also affect the functioning of banks. The Act gives wide powers to the RBI to give directions to banks which also have considerable effect on the functioning of banks.
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Banking Regulation
Act, 1949.
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State Bank of India
Act, 1955.
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Companies Act,
2013.
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State Bank
of India (Subsidiary Banks) Act 1959.
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Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970.
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Regional Rural
Banks Act, 1976.
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Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1980.
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Information
Technology Act, 2000.
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Prevention of Money
Laundering Act, 2002.
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Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest Act, 2002.
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Credit Information
Companies Regulation Act, 2005.
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Payment and
Settlement Systems Act, 2007.
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Besides, the above enactments, the provisions of the Reserve Bank of India Act, 1934, also affect the functioning of banks. The Act gives wide powers to the RBI to give directions to banks which also have considerable effect on the functioning of banks.
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