RBI Act, 1934

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf gptkb:action
gptkbp:administeredBy gptkb:Ministry_of_Finance,_Government_of_India
gptkbp:amendedBy gptkb:Banking_Regulation_Act,_1949
various subsequent amendments
gptkbp:appliesTo gptkb:India
gptkbp:citation gptkb:Act_No._2_of_1934
gptkbp:dateEnacted 6 March 1934
gptkbp:enactedBy gptkb:Parliament_of_India
gptkbp:establishes gptkb:Reserve_Bank_of_India
gptkbp:governs monetary policy of India
https://www.w3.org/2000/01/rdf-schema#label RBI Act, 1934
gptkbp:longTitle An Act to constitute a Reserve Bank of India
gptkbp:purpose to operate the currency and credit system of the country to its advantage
to regulate the issue of bank notes and keeping of reserves with a view to securing monetary stability in India
gptkbp:section Section 3 establishes the Reserve Bank of India
Section 22 gives RBI the sole right to issue banknotes
gptkbp:shortName gptkb:Reserve_Bank_of_India_Act,_1934
gptkbp:status in force
gptkbp:website https://rbi.org.in/Scripts/BS_ViewAct.aspx?id=265
gptkbp:bfsParent gptkb:NBFCs
gptkbp:bfsLayer 6