Question
In August 2024, the Banking Laws (Amendment) Bill was introduced in the Lok Sabha. This Bill proposes changes to which of the following Acts?
The correct answer is
Reserve Bank of India Act, 1934
The Banking Laws (Amendment) Bill proposes amendments primarily to the Reserve Bank of India Act, 1934.
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Important Questions from Banking Regulations
To improve internal control of banks, Reserve Bank of India has asked all banks to do what till 30 April 2018?
Who makes rules and regulations for the scheduled commercial banks in India?
- The central government has decided to increase foreign direct investment (FDI) limit in the pension sector to _________ percent.
- Which of the following Amendments came into effect from 1 November 2025, giving depositors the flexibility to make nominations in banks?
- Which regulatory provisions did the the Insurance Regulatory and Development Authority of India (IRDAI) reference while imposing the fine on Acko General Insurance for violations related to outsourcing and commissions in May 2025?
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