Banking law/ Banking law and act/ Banking law in India/ Banking acts in India/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. Banking laws and acts in India form the regulatory framework that governs banks and financial institutions' functioning and operations. These laws are essential for maintaining banking stability, transparency, and integrity. Here are some key banking laws and acts in India: The Reserve Bank of India (RBI) Act is the primary legislation that establishes and outlines the powers, functions, and responsibilities of the Reserve Bank of India. This is the central bank of India. The RBI Act governs monetary policy, currency issuance, banking regulation, and bank and financial institution supervision. The Banking Regulation Act is a significant piece of legislation that provides the legal framework for banking regulation and supervision in India. It defines various types of banking institutions, their management, capital requirements, licensing, and operations. The Negotiable Instruments Act governs negotiable instruments like promissory notes, bills of exchange, and cheques. It provides rules for the transfer and enforcement of these instruments, which are widely used in banking transactions. The Prevention of Money Laundering Act aims to prevent money laundering and terrorist financing. FEMA governs foreign exchange transactions and the cross-border movement of currency and assets. It is enforced by the Reserve Bank of India and aims to facilitate external trade and payments while ensuring foreign exchange market stability. Additional laws includes Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), Credit Information Companies (Regulation) Act, Insolvency and Bankruptcy Code, 2016 (IBC) etc. You can get the law services of Saanvika Legal Associates like Trust deeds, Financial law, Insurance law, Environment, Consumer, Property, Banking Tax Cyber, Constitutions, Labor law, Civil, Criminal, Family, Property registration, Getting Doc, and many others. Additionally, you can get to know about Legal notice, documentation, Legal registration, Property organization, establishing companies, Family legal consultation, Civil legal consultant, Criminal legal consultant, and Litigation for finance property from our expert lawyers.