A SHORT NOTE ON THE COMPARATIVE ANALYSIS OF THE BANKING REGULATION ACT, 1949 AND THE RESERVE BANK OF INDIA ACT, 1934
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Abstract
The Reserve Bank of India is famously called as ‘Bank of Bankers’ and it is the organisation that faces political and social pressure during demonetisation and the resignation of Mr. Urjit Patel. RBI issues day to day circulars depending on the changing technological issues. RBI stands on the pillar of the RBI Act, 1949 and also the pioneer legislation called the Banking Regulation Act, 1934. The similarities and differences of these two crucial legislations are analysed carefully by the author with close scrutiny. For the convenience of the readers, the author has framed the short note in a tabular column.
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