0
The Banking System of India is regulated by the Reserve Bank of India or RBI. RBI was established in the year 1935 with headquarters in Mumbai, India to oversee and supervise the banking industry in India. Every bank that functions inside the border of the country of India have to obtain prior approval from RBI before starting services and is bound to follow all the rules and guidelines laid down by them. The primary goal of RBI is to protect the citizens of the country from unfair practices which the banks may indulge in, if left unregulated/unsupervised.
What else can I help you with?
Who do banks answer to - who regulates them?
The Federal Reserve regulates banks and the banking system.
Which of these is a very strict organization that regulates the banking industry?
Federal Reserve Bank
What organization is a very strict that regulates the banking industry?
federal reserve bank;)
Banking regulation act?
The Banking Regulation Act is a form of government requirements that regulates the banks to certain standards. The main objective of the act is to reduce the amount of risk in the banking industry.
Who supervises banking systems and regulates the money supply?
FRS YAY i answerd it right ha
Who regulates the title insurance industry in New Jersey?
New Jersey Department of Banking and Insurance
Who is the primary regulator of banks?
Each country has its central bank that regulates the working of the banks in its country. for Ex: Reserve bank of India regulates banking operations in India
Which agencies supervises banking systems and regulates the money supply?
Board of governors, Federal Reserve system
When was Indian Banking Act come into force?
1949
Do Indian banks have internet banking facilities?
Yes. Most Indian banks have Internet banking facilities. ICICI, HDFC, Axis Bank, SBI etc are some leading banks in India that provide Internet Banking facilities to its customers.
Is a bank obligated to produce your original wet ink signature?
For the answer to that question you would have to research the banking laws of your individual state. Suggestion: Call the commission that regulates the banking business in your state and ask.
What has the author Gopal Karkal written?
Gopal Karkal has written: 'Perspectives in Indian banking' -- subject(s): Banks and banking
