Important
Acts or Laws Related to Indian Financial System
Dear Aspirants,
Welcome to Mentor for Bank Exams Banking Awareness
Notes section. Here we are presenting you a short note on important Acts or
Laws Related to Indian Financial System which is very important for your
upcoming examinations.
Important
Acts or Laws Related to Indian Financial System
Sl No
|
Name
of the Act/Law
|
Year
|
1
|
Banking Regulation
Act
|
1949
|
2
|
Reserve Bank of
India Act
|
1934
|
3
|
Securities &
Exchange Board of India Act
|
1992
|
4
|
Securities
Contracts (Regulation) Act
|
1956
|
5
|
Insurance Act
|
1938
|
6
|
Insurance
Regulatory & Development Authority Act
|
1999
|
7
|
Pension Fund
Regulatory & Development Authority Act
|
2013
|
8
|
The Banking
Companies (Acquisition & Transfer of Undertakings) Act
|
1970 & 1980
|
9
|
Regional Rural
Banks Act
|
1976
|
10
|
Foreign Exchange
Management Act
|
1999
|
11
|
Prevention of
Money Laundering Act
|
2002
|
12
|
The Securitisation
& Reconstruction of Financial Assets & Enforcement of Security
Interest Act
|
2002
|
13
|
Income Tax Act
|
1961
|
14
|
Negotiable
Instrument Act
|
1881
|
15
|
Payment &
Settlement Systems Act
|
2007
|
16
|
Companies Act
|
2013
|
17
|
Fiscal
Responsibility & Budget Management Act
|
2003
|
18
|
Know Your Customer
Guidelines
|
2002
|
19
|
Banking Ombudsman
Scheme
|
1995
|
20
|
Cheque Truncation
System Guidelines
|
2010
|
21
|
Bankers’ Books
Evidence Act
|
1891
|
22
|
Chit Fund Act
|
1982
|
23
|
Credit Information
Companies Act
|
2005
|
24
|
Lead Bank Scheme
|
1969
|
25
|
State Bank of
India Act
|
1955
|
26
|
Deposit Insurance
& Credit Guarantee Corporation Act
|
1961
|
27
|
National Bank for
Agriculture & Rural Development Act
|
1981
|
28
|
National Housing
Bank Act
|
1987
|
29
|
Small Industries
Development Bank of India Act
|
1989
|
30
|
Export Import Bank
of India Act
|
1981
|
