Banking Related Acts-banking awareness for ibps po,

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Banking Related Acts

muslim free dating website Here we have listed the Acts related to banking sector.

Negotiable Instrument Act–1881
The Bankers’Books Evidence Act–1891
The ReserveBank of India Act–1934
The Industrial Finance Corporation of India Act–1948
The Banking Companies (Legal Practitioner Clients’ Accounts) Act–1949
The Industrial Disputes (Banking and Insurance Companies) Act–1949
The Banking Regulation(Companies) Rules–1949
The Banking Regulation Act–1949
The State Financial Corporations Act–1951
The Reserve Bank of India (Amendment and Misc. Provisions) Act–1953
The Industrial Disputes (Banking Companies) Decision Act–1955
The State Bank of India Act–1955




The State Bank of India (Subsidiary Banks) Act-1959
The Subsidiary Banks General Regulation–1959
The Deposit Insurance and Credit Guarantee Corporation Act–1961(DICGC)
The Banking Companies (Acquisition and Transfer of Undertakings) Act–1970
The Regional Rural Banks Act–1976
The Banking Companies (Acquisition and Transfer of Undertakings) Act–1980
The Export-Import Bank of India Act–1981
The National Bank for Agriculture and Rural Development Act–1981
Chit Fund Act–1982
Sick Industrial Companies (Special Provisions)Act–1985
The National Housing Bank Act–1987
SIDBI Act–1989
The Special Court (trial of Offences relating to Transactions in Securities) Act–1992
The Industrial Finance Corporation (Transfer of Undertakings and Repeal) Act–1993
Industrial Reconstruction Bank (Transfer of Undertaking & Appeal) Act–1997
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act–(SARFASI-2002)
Industrial Development Bank (Transfer of Undertaking & Repeal) Act–2003
Credit Information Companies (Rules & Regulation) Act–2005
The Industrial Finance Corporation of India Act–1948
The Banking Companies (Legal Practitioner Clients’ Accounts) Act–1949
The Industrial Disputes (Banking and Insurance Companies) Act–1949
The State Financial Corporations Act–1951
The Reserve Bank of India (Amendment and Misc. Provisions) Act–1953




The Industrial Disputes (Banking Companies) Decision Act–1955
The State Bank of India Act–1955
The State Bank of India (Subsidiary Banks) Act-1959
The Subsidiary Banks General Regulation–1959
The Deposit Insurance and Credit Guarantee Corporation Act–1961
The National Bank for Agriculture and Rural Development Act–1981
Chit Fund Act–1982
Shipping Development Fund Committee (Abolition)Act–1985
Sick Industrial Companies (Special Provisions)Act–1985
The National Housing Bank Act–1987
The Special Court (trial of Offences relating to Transactions in Securities) Act–1992
The Industrial Finance Corporation (Transfer of Undertakings and Repeal) Act–1993
Industrial Reconstruction Bank (Transfer of Undertaking & Appeal) Act–1997
SIDBI General Regulations, 1990
Banking Regulation (Companies) Rules 1949
The Nationalised Banks (Management and Misc. Provisions)Scheme,1970
NABARD General Regulations 1982
Banking Companies (Period of Preservation of Records) Rules, 1985
Banking Companies (Regulation)Rules,1985
NABARD Bonds Regulations — 1988
The Banking Ombudsman Scheme, 2006
Factoring Act Rules, 2011
SARFAESI (Central registry) Rules,2011
Banker’s Books Evidence Act, 1891
Banking Regulation Act, 1949
Banking Companies (Legal Practitioners’ Clients’ Account) Act, 1949
Banking Regulation (Companies) Rules, 1949
Banking Companies (Acquisition and Transfer of Undertaking) Act, 1969
Debts Recovery Appellate Tribunal (Procedure) Rules,1994
Foreign Contribution (Regulation) Act, 1976
Foreign Exchange Management Act, 1999
Indian Partnership Act, 1932
Indian Stamp Act, 1899
Indian Trusts Act, 1882
Limitation Act, 1963
Recovery of Debts due to Banks and Financial Institutions Act,1993
Reserve Bank of India Act — 1934

http://divipiso.com/rtyre/2588 Negotiable Instruments Act, 1881

follow Section 4 – Promissory note
Section 5 – Bill of exchange
Section 6 – Cheque
Section 13 – Negotiable Instruments
Section 123 – Cheque Crossed Generally
Section 124, 126 – Cheque crossed specially
Section 130 – Cheque bearing Not Negotiable
Section 118 – Presumptions as to Negotiable Instruments



Reserve Bank of India Act, 1934

Section 17 – Defines Business of RBI
Section 18 – Deals with Emergency loans to Banks
Section 22 – only RBI has the exclusive rights to issue currency notes in India.
Section 24 – maximum denomination a note can be Rs. 10,000.
section 26 – Describes the legal tender character of Indian bank notes.
Section 28 – Allows the RBI to form rules regarding the exchange of damaged and imperfect notes.
Section 31 – In India only the RBI or the central government can issue and accept promissory notes that are payable on demand.
Section 42(1) – Every scheduled bank must have an average daily balance with the RBI


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