Section 55
Amendment of Act 2 of 1934.
The Banking Regulation Act, 1949
About this Act
An Act to consolidate and amend the law relating to banking.
The Reserve Bank of India Act, 1934 (2 of 1934), shall be
amended in the manner specified in the fourth column of the First Schedule, and the amendments to
section 18 thereof as specified in the said Schedule shall be deemed to have had effect on and from the
20th day of September, 1947.