The SARFAESI Act, 2002.
The financial sector has been one of the key drivers of the impressive
growth of Indian economy post reforms.
While the banking industry in India was progressively complying with
international prudential norms, the
Reserve Bank of India
The pattern of central banking in India was based on the
Bank of England pattern, where the central bank acts as the
bankers Bank and Lender of last resort.
The effective functioning of the British model depends
Legal Framework of
Bank Regulation & Supervision
Banking in India is mainly governed by Banking
Regulation Act, 1949 and Reserve Bank of India Act,
1934. GOI and RBI exercise control over banks from
the opening of banks to their winding up ,
Core Principles of
The Basel Committee on Banking Supervision
(BCBS) is a Banking Supervisory Committee of the
G-10 countries and has been spearheading the
international effort to strengthen bank supervision
globally to en