The table given below gives you a comprehensive list of Important Parliamentary Acts related to Banking.
| Name of the Act | Year of Promulgation |
|---|---|
| Societies' Registration Act | 1860 |
| Negotiable Instruments Act | |
| Co-operative Societies Act | 1912 |
| Provident Funds Act | 1925 |
| Reserve Bank of India Act | 1934 |
| Insurance Act | 1938 |
| Central Excise Act | 1944 |
| Public Debt Act | 1944 |
| International Monetary Fund and Bank Act | 1945 |
| Employees’ State Insurance Act | 1948 |
| Banking Regulation Act | 1949 |
| Chartered Accountants Act | 1949 |
| Contingency Fund of India Act | 1950 |
| Employees' Provident Funds and Miscellaneous Provisions Act | 1952 |
| State Bank of India Act | 1955 |
| Life Insurance Corporation Act | 1956 |
| Securities Contract Act | |
| Companies Act | |
| Central Sales Tax Act | |
| State Bank of Hyderabad Act | |
| State Bank of India (Subsidiary Banks) Act | 1959 |
| Deposit Insurance and Credit Guarantee Corporation Act | 1961 |
| Customs Act | 1962 |
| Unit Trust of India Act | 1963 |
| Nationalization of Banks Act ( But government decided to nationalize 14 major commercial banks on 19th July, 1969.) | 1964 |
| Banking Laws (Application to Co-operative Societies) Act | 1965 |
| PPF Act | 1968 |
| General Insurance Business (Nationalization) Act | 1972 |
| Regional Rural Banks Act | 1976 |
| Prize Chits and Money Circulation Scheme (Banning) Act | 1978 |
| Export-Import Bank of India Act | 1981 |
| NABARD Act | 1981 |
| Chit Funds Act | 1982 |
| General Insurance Business (Nationalization) Amendment Act | 1985 |
| Securities and Exchange Board of India Act | 1992 |
| Insurance Regulatory and Development Authority Act | 1999 |
| Foreign Exchange Management Act | 1999 |
| Prevention of Money Laundering Act | 2002 |
| Fiscal Responsibility and Budget Management Act | 2002 |
| Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. (Colloquially, SARFAESI Act) | 2002 |
| Government Securities Act | 2006 |
| Securities Laws (Amendment) Act | 2014 |
| The Regional Rural Banks (Amendment) Act- Diluted the sharing pattern by limiting the composite share of central govt. and sponsor bank to 51% | 2014 |
| The Insurance Laws (Amendment) Act- Pushed FDI limit to 49% | 2015 |
The above-mentioned acts are more often asked in examinations conducted by IBPS.
Contributed By Rohan Anand
