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banking · In Force

Banking Regulation Act 1949

2020: cooperative banks under RBI regulation. Board supersession powers. Amalgamation scheme. PMC Bank, Yes Bank precedents. Licensing of banking companies.

Amended
2020
Ministry
Ministry of Finance

Key provisions and changes

  • Cooperative banks under RBI (2020)
  • Board supersession
  • Amalgamation scheme
  • New banking licence criteria
  • Fit & proper criteria