BANKING REGULATIONS ACT 1949 The Banking Regulation Act was passed as the Banking Companies Act 1949 and came into force wef 16.3.49. Subsequently it was changed to Banking Regulations Act 1949 wef 01.03.66. Summary of some important sections is provided hereunder. The section no. is given at the end of each item. For details‚ kindly refer the bare Act. * Banking means accepting for the purpose of lending or investment of deposits of money from public repayable on demand or otherwise and withdrawable
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THE BANKING REGULATION ACT‚ 1949 (Act No. 10 of 1949) [10th March‚ 1949] PREAMBLE PART I: PRELIMINARY Sections 1. 2. 3 4. 5. 5A. Short title‚ extent and commencement Application of other laws not barred Act to apply to co-operative societies in certain cases. Power to suspend operation of Act Interpretation Act to override memorandum‚ articles‚ etc. PART II: BUSINESS OF BANIKNG COMPANIES 6. 7. 8. 9. 10. 10A. 10B 10BB Forms of business in which banking companies may engage Use of words "bank"‚
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organizations‚ Commercial banks and ............ 1) NBFC 2) Chit funds 3) Share Market 4) NGO 5) None 9. Which legislation authorized RBI to inspect commercial banks? 1) Banking Regulation Act‚ 1934 2) Banking Regulation Act‚ 1954 3) Banking Regulation Act‚ 1949 4) Banking Regulation Act‚ 1972 5) Banking Regulation Act‚ 1901 10. Which among the following is not the function of BFS of RBI? 1) Off-site
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decades‚ the world has been experiencing banking and financial crises at a higher frequency than during the previous decades and with significant costs to the economy. The recent 2008 Financial Crisis has caused the threat of total collapse in large financial institutions‚ downturn of stock markets as well as bail out of banks by many governments. This has brought more concern on banking supervision and regulation. There is a need to reform the financial regulation as it is one of the factors that contributes
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BANKING OPERATION AND REGULATION CASE STUDY/SENARIO On 23rd November 2012 a customer of your bank Grace Eyang‚ called in to say that her Husband Mr Daniel Eyang had just been admitted to the mental hospital for treatment. Enquiries were made and this information was confirm to be correct. On that day‚ the Balance of Grace Eyang account was ¢10000 in credit and that of Mr Eyang account was ¢8500. Also Grace Eyang and Mr Eyang had
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What case can be made that it was the lack of regulation of the banking sector that led to the financial crisis of 2008-9? What are the new regulatory structures that are being proposed in the US and UK? The preconditions of the 2008-9 crisis were high unemployment‚ high growth which was stimulated partially by foreign investment caused by imbalance of current accounts on the international arena (ie. Huge debt of US and the UK and surplus of China‚ Korea‚ Japan). Large part of the problem was
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THE BANKING REGULATION ACT‚ 1949 (AS APPLICABLE TO COOPERATIVE SOCIETIES) Objectives of the Banking Regulation Act broadly are: 1. to safeguard the interest of depositors; 2. to develop banking institutions on sound lines; and 3. to attune the monetary and credit system to the larger interests and priorities of the nation. The Act was originally in force from 16 March 1949 as the Banking Companies Act‚ 1949. It was amended and renamed as Banking Regulation Act‚ 1949 and extended to the cooperative
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limits as they can to avoid crisis. Yet‚ it cannot be denied that among the sectors “affected” by regulation‚ the area of banking is one of the most important. In an original speech pronounced in August 2012‚ Andrew Haldane‚ the director of the Bank of England denounced a too much complicated regulation in banking. If Haldane admits that the regulation is inevitable‚ it remains that a complex regulation is sometimes useless. Haldane’s speech entitled “The dog and the frisbee” has been discussed in
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References: Belda P. (2006)‚ “Cameroon”. MTH Multimedia S.L.‚ -Paris Prof Njong Aloysius‚ (2014) Lecture notes on Monetary Policy and Banking Regulation Catholic University of Cameroon‚ Bamenda (CATUC)‚ Cameroon Code of Ethics of Microfinance Institutions‚ ANEMCAM‚ MINFI‚ CNC (2010) Websites http://www.beac.int http://www.businessdictionary.com http://www.economywatch.com/economic-statistics/country/Cameroon/
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between the performance of Barclays Bank and the risk regulation. By underlying trend analysis‚ correlation analysis‚ and regression analysis on five important ratios which could represent the performance of Barclays Bank‚ the report will show if there is any statistical evidence to confirm the hypothesis that a high compliance with regulation is essential for a stable banking system. This report also will provide an overview of the UK banking Regulation and Supervisory Practice and identify the concerns
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