Economics · Indian Economy
Under which statutory legislation are commercial banks regulated and licensed in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Companies Act, 2013
- 2State Bank of India Act, 1955
- 3Reserve Bank of India Act, 1934
- 4Banking Regulation Act, 1949✓
Correct answer
Banking Regulation Act, 1949
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