1. Important provisions of the RBI ACT- 1934

Section -22 : sole right to issue bank notes.Section- 31 : Prohibits issue of bearer bills of exchange, promissory notes payable to bearer.Section – 42(1) : Cash reserve ratio (CRR)

2. Important provisions of the Banking Regulation Act- 1949

Section - 11 : paid up Capital and Reserves :For domestic banks: 5 lacs and for foreign banks 15 lacs in case of banking business at Mumbai/ Calcutta or both Section – 20 : Restriction on advance against own sharesSection- 21 (A): Interest charged by the banks can not scrutinise by the court.Section – 23 : Restriction on opening of new branch, extn. Counter etc. except for one month.Section 24 : Maintenance of SLR Section 26 : Return of unclaimed Deposit.Section 45(Y) : Preservation of the bank records.Section 45 Z : Returns of paid instruments to customerSection 45 ZA : Nomination in Deposit accountsSection 45 ZC : Nomination in safe custody accountsSection 45 ZE : Nomination in lockers Section 47-A : Violation of KYC: RBI can impose penalty on banks for violation of KYC norms.

3.Negotiable Instruments Act- 1881

Section -10 : Payment in Due courseSection -18: Diff.in word and figures for the amount mentioned, the amount in words will be treated as the amount ordered by the drawer to pay.Section-22: Three days grace period for calculating maturity date of usance bills.Section-26: Minor can draw, indorse, and accept the negotiable instrument so as to binding for all except himself.Section-85(A): Protection to the paying banker in case of bank’s draft.Section-85(1): Protection to the paying banker in case of an order cheque which is properly endorsed by payee or agent.Section-85(2): Protection to paying banker in case of a bearer cheque.Section-89: Protection to the paying banker in case of materially altered cheque but does appears to have been altered.Section -99 : Noting.Section-100: Protesting.Section-128: Protection against payment in due course of crossed cheque.Section-131: Collecting banker’s protection in respect of crossed cheque.Section-138: Dishonour of cheque for insufficiency etc. of funds in the account.