The Banking Regulation Act was passed in india in.......

Question:-

The Banking Regulation Act was passed in India in....... 

Answer:-
  •   The Banking Regulation Act was passed in India in 1949.
  •   The Banking Regulation Act 1949  is a legislation in india that regulates all banking fir,s in india.
  • This legislation was passed in the year 1949 and was amended in the 1965.
  • The Banking Regulation Act 1949 was introduced because banking business in india was very vague during the 1940 and the government was not able to supervise or regulate the bank based only on the Indian Companies Act 1913.

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