Banking Regulation Act deals with
(a) the regulation of business of banking companies
(b) control over management of the banking companies
(c) suspension and winding up of banking business
(d) penalties for violation of provision of BR Act
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(a), (b) and (c) only
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(b), (c) and (d) only
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(a), (c) and (d) only
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(a), (b), (c) and (d)
D
Correct answer
Explanation
The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India. Initially, the law was applicable only to banking companies, but in 1965, it was amended to make it applicable to cooperative banks and to introduce other changes. It deals with all the given parts. Thus, option 4 is the correct answer.