Reserve Bank Of India Act 1934 Rbi
Reserve Bank of India Act 1934RBI Act 1934Indian central bank lawRBI founding legislationmonetary policy India
The Reserve Bank of India Act of 1934 is the pivotal legislative framework that established the Reserve Bank of India (RBI) as the central bank of India. This foundational RBI Act 1934 defines the bank's structure, functions, and responsibilities, including currency issuance, monetary policy formulation, and regulation of the Indian banking system, thereby serving as the bedrock of India's financial governance.