Tuesday, 25 November 2014

LIST OF ACTS/LAWS BEING ADMINISTERED BY DEPARTMENT OF FINANCIAL SERVICES

1. Negotiable Instrument Act, 1881 
2. The Bankers' Books Evidence Act, 1891
3. The Reserve Bank of India Act, 1934
4. The Industrial Finance Corporation of India Act, 1948
5. The Banking Companies (Legal Practitioner Clients' Accounts) Act, 1949
6. The Industrial Disputes (Banking and Insurance Companies) Act, 1949 
7. The Banking Regulation Act, 1949
8. The State Financial Corporations Act, 1951 
9. The Reserve Bank of India (Amendment and Misc. Provisions) Act, 1953 
10. The Industrial Disputes (Banking Companies) Decision Act, 1955 
11. The State Bank of India Act, 1955 (389 KB)
12. The State Bank of India Act, 1955 
13. The State Bank of India (Subsidiary Banks) Act, 1959 
14. The Subsidiary Banks General Regulation,1959 
15. The Deposit Insurance and Credit Guarantee Corporation Act, 1961
16. The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 
17. The Regional Rural Banks Act, 1976 
18. The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 
19. The Export-Import Bank of India Act, 1981 
20. The National Bank for Agriculture and Rural Development Act, 1981 
21. Chit Fund Act 1982  
22. Shipping Development Fund Committee (Abolition) Act, 1985  
23. Sick Industrial Companies (Special Provisions) Act, 1985 
24. The National Housing Bank Act, 1987 
25. SIDBI Act, 1989 
26. The Special Court (trial of Offences relating to Transactions in Securities) Act, 1992 
27. The Industrial Finance Corporation (Transfer of Undertakings and Repeal) Act, 1993 
28. Recovery of Debts Due to Banks and Financial Institutions Act, 1993 
29. Industrial Reconstruction Bank (Transfer of Undertaking & Appeal) Act, 1997 
30. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
31. Industrial Development Bank (Transfer of Undertaking & Repeal) Act, 2003 
32. The Sick Industrial Companies (Special Provisions) Repeal Act, 2003 
33. The Enforcement of Security Interest and Recovery of DEBTS Laws (Ammendment) Act, 2012
34. The Factoring Regulation Act, 2011 
35. Banking Laws Amendment Act 2012 
36. Banking Law Amendment Act to come into force, 2013 

24 comments:

Unknown said...

Sir what are CASA deposits?

Unknown said...

who is the present chairman of bank of baroda?

Unknown said...

sir what is meant by reverse mortagage?

Unknown said...

sir what is the difference between FISCAL policy and MONETARY policy?

Unknown said...

Current Account and Savings Account deposits

Unknown said...

Hi frnds, also look spotgk.blogspot.in.. it's awesome for bank exams..

Unknown said...

Fiscal policy relates to government spending and revenue collection. Monetary policy relates to the supply of money, which is controlled via factors such as interest rates and reserve requirements (CRR) for banks.

Unknown said...

It is a type of mortgage in which no repayment of the mortgage (principal or interest) is required until the borrower dies or the property is sold.

Unknown said...

vacant I think.. Previously SSMundra and he is one of the dety. governors of RBI w.e.f 31st july 2014.

Unknown said...

in GA how many questions will come from Banking, will all questions from Banking or Few?

SUPRIYA said...

btw repo and bank rate.. which is short term and which is long term...?pls tell time period of short and long terms

Unknown said...

Repo rate is for Short term[2 days to 90 days]. Bank rate is for long term [90 days to 1 year]. Also look at spotgk.blogspot.in All the best!!

Unknown said...

Depends on the test you take.. In any bank test, you can expect a minimum of 10 to 20 questions from Banking. In recent SBI Associate PO, 60% are from BA, 20% are from Computers and 20% are from CA. See, spotgk.blogspot.in

SUPRIYA said...

Thanks .if any bank failed to maintain slr n crr. How much amt is fined br rbi. And if both are maintained only to meet demand time liabilities. Then y to maintain slr with bank. And crr with rbi

Unknown said...

Penal interest will be recovered at the rate of 3% per annum above the bank rate. It is charged on the amount actually short of the prescribed amount.
CRR is maintained by RBI to control liquidity in banking system while SLR is maintained by Banks to regulate credit growth in the country.

SUPRIYA said...

thank u

Unknown said...

sir what are qualitative tools explain

Unknown said...

what is Certificate of Deposit

mahesh vij said...

sir u have mentioned that SLR should be in liquidity then it is reserved from NTDL .where ndtl is a cash form how it is possible sir

Unknown said...

Liquidity means not only cash, any asset that can be converted into cash with no time lapse is called liquidity

Unknown said...

It is like a promissory note given by bank for our assets kept with bank for a fixed period of time like term deposits.

Unknown said...

thank u sir

Unknown said...

why foreign banks are not forced to invest 40% in priority sector.?

Unknown said...

what are th Asset Reconstruction Companies?