What India Reserve Bank of India Act 1934 - Central Bank Constitution Functions and Monetary Policy requires
The Reserve Bank of India Act 1934 constitutes the Reserve Bank of India as the central bank of India, sets out its functions including the issue of bank notes, formulation and operation of monetary policy through the Monetary Policy Committee with the inflation target framework, regulation of foreign exchange and external sector under the Foreign Exchange Management Act, regulation of non-banking financial companies, lender of last resort and banker to the government, currency reserve management, and provides for the constitution of the Reserve Bank Central Board of Directors and the conduct of business.
Pillar: Banking & Global Finance · Authority: Government of India (Reserve Bank of India) · Version: 1.0.0 · Last updated:
Primary source: https://www.rbi.org.in/Scripts/OccasionalPublications.aspx?head=Reserve%20Bank%20of%20India%20Act
SHA-256 integrity: 06c5c1d36a98e6f098a3a94f74c7e8b15a9b77ad099c8e4e959d2fe43ad589f5
Primary Citations — 8 traced to source
- Reserve Bank of India Act 1934 official text https://www.rbi.org.in/Scripts/OccasionalPublications.aspx?head=Reserve%20Bank%20of%20India%20Act
- Reserve Bank of India home page https://www.rbi.org.in
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