Important Acts Related to Banks

1. RBI Act

The Reserve Bank of India Act 1934 is an Act to constitute a Reserve Bank of India (RBI) and provide the Central Bank with various powers to act as the Central Bank of India.

2.NABARD Act

NABARD was established by Act 61, 1982 of the Parliament to implement the National Bank for Agriculture and Rural Development Act 1981.

3.RRB Act

The RRB Act 1976 was adopted to provide sufficient banking and credit facility for agriculture.

4.BANKING REGULATION Act

The Banking Regulation Act, 1949 is a legislation in India that regulates all Banking firms in India.

5.SEBI Act

The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.

6. Negotiable Instruments Act 1881

According to Section 13 of the Negotiable Instruments Act, "A negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer.