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Banking Law Notes

Objective of the Banking Regulation Act, 1949

Regulation and Control The primary objective of the act is to regulate and control the functioning of banks and financial institutions in India. It provides...

Features of Banking Regulation Act, 1949

The Banking Regulation Act of 1949 encompasses various features that govern the functioning of banks in India. Here are some features of the act: Licensing...

Overview of Banking Ombudsman Scheme, 2006

The Banking Ombudsman Scheme, 2006 is a mechanism established by the Reserve Bank of India (RBI) to provide a quick and cost-effective resolution of...

Powers and Functions of RBI

The Reserve Bank of India (RBI) has been granted various powers and functions under the Reserve Bank of India Act, 1934, and subsequent amendments....

Powers of the Debt Recovery Tribunal (DRT) in India

The Debt Recovery Tribunal (DRT) in India has been granted several powers under the Recovery of Debt Due to Banks and Financial Institutions Act,...

Constitution of the Debt Recovery Tribunal (DRT)

The Debt Recovery Tribunal (DRT) in India is constituted under the provisions of the Recovery of Debt Due to Banks and Financial Institutions Act,...

Procedure of Debt Recovery Tribunal (DRT)

The Debt Recovery Tribunal (DRT) in India follows a specific procedure for the adjudication and resolution of cases related to the recovery of debts...

Functions of the Debt Recovery Tribunal

The Debt Recovery Tribunal (DRT) in India performs several important functions related to the recovery of debts due to banks and financial institutions. Functions...

What is Winding up of Banking Companies

Winding up of banking companies refers to the process of closing down or liquidating a banking institution. It involves the orderly cessation of the...

Provisions of Winding up of Banking Companies under Banking Regulation Act, 1949

Under the Banking Regulation Act, 1949, the winding up of banking companies is regulated to ensure the protection of depositors' interests and the orderly...

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