Banking Regulation
Laws that govern banking in India are:
- Reserve Bank Of India Act
- Banking Regulation Act
- Negotiable Instruments Act
- Recovery of Debt Due to banks and Financial Institutions Act
- Foreign Exchange Regulation Act (FERA)
- Foreign Exchange Management Act (FEMA)
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Etc.
The Indian government has opened its wide arms to the private players in the banking sector for entrance. However, the sector is governed by various regulations of RBI. The firm Astrea legal can provide legal assistance in compilation with such laws.