Ans : Full Form of BRA is "Banking Regulation Act". BRA Full Form in Banking : Banking Regulation Act Banking Regulation Act (BRA) 1949 is a law in India which regulates all banking firms in India. It was passed as the Banking Companies Act 1949. This act came into force from 16 March 1949 and was replaced by the Banking Regulation Act 1949 with effect from 1 March 1966. The Banking Regulation Act, 1949 aims to establish a robust regulatory framework for the banking sector, with a focus on stability, protection of depositors' interests, fair practices, efficient credit allocation, financial inclusion, and prudential supervision. It provides a legal framework that enables the banking system to function effectively, contribute to economic growth, and maintain public trust and confidence.