<Tr> <Th> Date enacted </Th> <Td> 10 March 1949 </Td> </Tr> <Tr> <Td_colspan="2"> Status: In force </Td> </Tr> <P> 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, 1965 it was amended to make it applicable to cooperative banks and to introduce other changes . </P> <P> The Act provides a framework using which commercial banking in India is supervised and regulated . The Act supplements the Companies Act, 1956 . Primary Agricultural Credit Society and cooperative land mortgage banks are excluded from the Act . </P>

Which act govern the working of banking companies in india