Important Acts of Banking Sector: If you are aspiring to sit for any Govt exam this year, you need to start preparing right now.
As you know the competition is really very tough. So you need to prepare in a proper manner in order to succeed in Exams. Before Preparing for any exam, it is important to know which type of exam you are preparing for. You should have complete knowledge about the Question pattern and the Selection Procedure. Banking Sector Reforms in India are one of the most important topics for all competitive exams. So start preparing right now and leads ahead of millions of students.
In this article, we are covering the Important Acts of the Banking Sector. It is one of the most important topics for exams. We have also provided a pdf for the candidate’s reference. So candidates can download our list for their preparation to score more marks in Banking Sector-related questions.
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Important Acts of Banking Sector
| BANKING ACT | YEAR |
| Negotiable Instrument Act | 1881 |
| Co-operative Societies Act | 1912 |
| Reserve Bank of India Act | 1934 |
| The Industrial Finance Corporation of India Act | 1948 |
| The Banking Companies Act(Legal practitioner clients’ account | 1949 |
| The Industrial disputes Act( Banking and Insurance Companies) | 1949 |
| The Banking Regulation( Companies) rules | 1949 |
| The Banking Regulation Act | 1949 |
| The SBI Act | 1955 |
| The SBI( subsidiary banks) Act | 1959 |
| The Subsidiary Banks General Regulation | 1959 |
| The Deposit Insurance and Credit Guarantee Corporation Act | 1969 |
| The Regional Rural Banks Act | 1976 |
| The Banking Companies( Acquisition and Transfer of undertaking) Act | 1981 |
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| NABARD General Regulations | 1982 |
| Banking Companies( Period of preservation of Records) Rules | 1985 |
| The National Housing Bank Act | 1987 |
| SIDBI General Regulations Act | 1990 |
| SEBI Act | 1992 |
| The Industrial Finance Corporation( Transfer of undertakings and repeal) Act | 1993 |
| Recovery of debts due to Banks and Financial Institutions Act | 1993 |
| Industrial Reconstruction Bank( Transfer of undertaking and appeal) Act | 1997 |
| Insurance Regulatory and Development Authority Act | 1999 |
| Foreign Exchange Management Act | 1999 |
| The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act( SARFAESI) | 2002 |
| Fiscal Responsibility and Budget Management Act | 2003 |
| Industrial Development Bank( Transfer of undertaking and repeal) Act | 2003 |
| Credit Information Companies( Rules and Regulation) Act | 2005 |
| Government Securities Act | 2006 |
Conclusion
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