Important Parliamentary Acts related to
Banking sector in India
Vital Parliamentary Acts related to Banking sector in India
The table given below gives you a comprehensive list of Important Parliamentary Acts related to Banking.
The table given below gives you a comprehensive list of Important Parliamentary Acts related to Banking.
|
Name of the Act
|
Year of Promulgation
|
|
Societies'
Registration Act
|
1860
|
|
Negotiable Instruments
Act
|
|
|
Co-operative Societies
Act
|
1912
|
|
Provident Funds Act
|
1925
|
|
Reserve Bank of India
Act
|
1934
|
|
Insurance Act
|
1938
|
|
Central Excise Act
|
1944
|
|
Public Debt Act
|
1944
|
|
International Monetary
Fund and Bank Act
|
1945
|
|
Employees’ State
Insurance Act
|
1948
|
|
Banking Regulation Act
|
1949
|
|
Chartered Accountants
Act
|
1949
|
|
Contingency Fund of
India Act
|
1950
|
|
Employees' Provident
Funds and Miscellaneous Provisions Act
|
1952
|
|
State Bank of India
Act
|
1955
|
|
Life Insurance
Corporation Act
|
1956
|
|
Securities Contract
Act
|
|
|
Companies Act
|
|
|
Central Sales Tax Act
|
|
|
State Bank of
Hyderabad Act
|
|
|
State Bank of India
(Subsidiary Banks) Act
|
1959
|
|
Deposit Insurance and
Credit Guarantee Corporation Act
|
1961
|
|
Customs Act
|
1962
|
|
Unit Trust of India
Act
|
1963
|
|
Nationalization of
Banks Act ( But government decided to nationalize 14 major
commercial banks on 19th July, 1969.)
|
1964
|
|
Banking Laws
(Application to Co-operative Societies) Act
|
1965
|
|
PPF Act
|
1968
|
|
General Insurance
Business (Nationalization) Act
|
1972
|
|
Regional Rural Banks
Act
|
1976
|
|
Prize Chits and Money
Circulation Scheme (Banning) Act
|
1978
|
|
Export-Import Bank of
India Act
|
1981
|
|
NABARD Act
|
1981
|
|
Chit Funds Act
|
1982
|
|
General Insurance
Business (Nationalization) Amendment Act
|
1985
|
|
Securities and
Exchange Board of India Act
|
1992
|
|
Insurance Regulatory
and Development Authority Act
|
1999
|
|
Foreign Exchange
Management Act
|
1999
|
|
Prevention of Money
Laundering Act
|
2002
|
|
Fiscal Responsibility
and Budget Management Act
|
2002
|
|
Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act.
(Colloquially, SARFAESI Act)
|
2002
|
|
Government Securities
Act
|
2006
|
|
Securities Laws
(Amendment) Act
|
2014
|
|
The Regional Rural
Banks (Amendment) Act- Diluted the sharing pattern by limiting the
composite share of central govt. and sponsor bank to 51%
|
2014
|
|
The Insurance Laws
(Amendment) Act- Pushed FDI limit to 49%
|
2015
|
The above-mentioned acts are more often asked in examinations conducted by IBPS
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