The act defines a bank as any company which accepts deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise. The act also lays down the guidelines for the appointment of directors, the minimum capital requirements for banks, the regulation of the banking business, and the powers of the RBI.

Unit-I
Introduction, Banking Regulation Act 1949, Applicability of The Act 1949

Unit-II

Objectives of banking Regulation Act 1949, Important Provisions of the Act 1949, Amalgamation