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...
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...
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...
The Debt Recovery Tribunal (DRT) in India follows a specific procedure for the adjudication and resolution of cases related to the recovery of debts...
The Debt Recovery Tribunal (DRT) in India performs several important functions related to the recovery of debts due to banks and financial institutions.
Functions...
Winding up of banking companies refers to the process of closing down or liquidating a banking institution. It involves the orderly cessation of the...
Under the Banking Regulation Act, 1949, the winding up of banking companies is regulated to ensure the protection of depositors' interests and the orderly...