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Tag: PERFORMA OF BALANCE SHEET

PROVISIONS OF BANKING REGULATION ACT 1949

Posted on October 20, 2019 By commerceiets No Comments on PROVISIONS OF BANKING REGULATION ACT 1949
PROVISIONS OF BANKING REGULATION ACT 1949

PROVISIONS OF BANKING REGULATION ACT 1949 The provisions of banking regulation act 1949 relating to accounts of banking companies are as follows: BANKING COMPANY Banking company is a company that deals in cash, money and credit. It accepts deposits and extends loans and advances to the needy persons. ACCORDING TO BANKING REGULATION ACT, 1949 “Banking…

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