This document lists over 30 important acts that have shaped the banking and financial sector in India since 1881, including the Reserve Bank of India Act of 1934 which established the central bank, the Banking Regulation Act of 1949 which governs banking operations, and various acts from the 1970s and 1980s which nationalized several banks. It also outlines various other crucial acts governing insurance, rural banking, credit information, and the regulation of financial markets.
This document lists over 30 important acts that have shaped the banking and financial sector in India since 1881, including the Reserve Bank of India Act of 1934 which established the central bank, the Banking Regulation Act of 1949 which governs banking operations, and various acts from the 1970s and 1980s which nationalized several banks. It also outlines various other crucial acts governing insurance, rural banking, credit information, and the regulation of financial markets.
This document lists over 30 important acts that have shaped the banking and financial sector in India since 1881, including the Reserve Bank of India Act of 1934 which established the central bank, the Banking Regulation Act of 1949 which governs banking operations, and various acts from the 1970s and 1980s which nationalized several banks. It also outlines various other crucial acts governing insurance, rural banking, credit information, and the regulation of financial markets.
The Co-operative Societies Act, 1912 The Provident Funds Act, 1925 Reserve Bank of India RBI Act, 1934 The Insurance Act, 1938 Central Excise Act, 1944 Public Debt Act, 1944 Banking Regulation Act, 1949 Employees' Provident Funds & Miscellaneous Provisions Act, 1952 State Bank of India SBI Act, 1955 The Companies Act, 1956 Life Insurance Corporation Act, 1956 State Bank Of India (Subsidiary Banks) Act, 1959 Income Tax Act, 1961 Deposit Insurance and Credit Guarantee Corporation DICGC Act, 1961 Public Provident Fund PPF Act, 1968 The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 - (14 Banks were Nationalized in 1969) The General Insurance Business (Nationalization) Act, 1972 The Foreign Exchange Regulation Act, 1973 Regional Rural Banks RRB Act, 1976 The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 - (6 Banks were Nationalized in 1980) National Bank for Agriculture and Rural Development NABARD Act, 1981 Export-Import Bank of India Act, 1981 Chit Funds Act, 1982 National Housing Bank Act, 1987 Small Industries Development Bank of India SIDBI Act, 1989 Securities and Exchange Board of India SEBI Act, 1992 The Foreign Exchange Management FEMA Act, 1999 Insurance Regulatory and Development Authority IRDA Act, 1999 The Securitization and Reconstruction of Financial Assets & Enforcement of Security Interest SARFAESI Act, 2002 Prevention of Money Laundering Act, 2002 Fiscal Responsibility and Budget Management FRBMA Act, 2003 The Credit Information Companies (Regulation) Act, 2005 The Government Securities Act, 2006 Micro, Small & Medium Enterprises Development Act, 2006 Payment and Settlement Systems Act, 2007 Indian Coinage Act, 2011 Regional Rural Banks (Amendment) Act, 2015