Banking companies are licensed by _______________.
Banking companies are licensed by Reserve bank.
The RBI grants licenses to banks to operate in India, and also sets regulations and guidelines that banks must follow to ensure the safety and stability of the banking system.
This includes regulations related to capital requirements, lending practices, and other areas that impact the financial health of banks.
Overall, the role of the central bank in regulating and supervising the banking sector is crucial in maintaining the stability and soundness of the financial system, which is essential for economic growth and development.