» Banking Services in India
Banking law is governed by both state and federal banking law. The banking law may vary from place to place. However, a banking law addresses similar norms.
There are certain banking law regulators. The articles denote the banking law legal framework.
The banking law is divided into the following:
Article 1 to article 5 included under the banking law section 1.These articles govern the establishment, operations, termination and supervision of the bank is taken care of.
The different terms are also explained. The terms include bank, postal bank, banking activities, deposit, subsidiary, significant interest etc.
Article 6 to article 26 is included under banking law section 2 of the banking law. Article 9 is not valid anymore.
Article no.27 to article 43 of the banking law govern the supervisory standards of a bank.
Article no. 44 to article no.53 of the banking law dealing with financial activities are governed by the above articles.
- Bank bodies and bank management
Article no.55 to article no.68 is included in the bank bodies and bank management of the banking law.
- Accounting and auditing in banks.
Article 69 to article 76 of the banking law govern accounting and auditing management.
- Supervision and surveillance
Banking law include article 77 to article 80.
- Control of the genuineness in the functioning s of legal entities and natural persons.
Banking law include article 81 and article 82.
Banking law include article 83 and article 84.
- Steps to improve the conditions of a bank.
Banking law include article 85 to 99.
Article no 100 to article 112.
Article 113 to 116.
Banking law include article 117 to 121.
- Transitional and closing provisions:
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