The Reserve Bank of India Act, 1934 (Act 2 of 1934) is the foundational legislation governing the establishment, powers, functions, and regulatory authority of the Reserve Bank of India. The Act provides the legal framework for monetary policy, currency management, banking regulation, financial stability, and central banking operations in India. This 2026 edition incorporates amendments introduced by the Banking Laws (Amendment) Act, 2025 and includes a comprehensive collection of RBI regulations, rules, directions, and related legislative material. Published as a Bare Act with Comments, the book serves as an authoritative legal reference for understanding the statutory framework governing India's central bank, monetary policy administration, banking supervision, note issuance, and financial regulation.
Key Features
- Complete text of The Reserve Bank of India Act, 1934 (Act 2 of 1934)
- Updated with the Banking Laws (Amendment) Act, 2025 (Act 16 of 2025)
- Includes The Reserve Bank of India (Note Issue) Regulations, 1935
- Covers The Reserve Bank of India General Regulations, 1949
- Includes The Reserve Bank of India Scheduled Banks' Regulations, 1951
- Contains The Reserve Bank of India (Board for Financial Supervision) Regulations, 1994
- Covers The Reserve Bank of India (Note Refund) Rules, 2009
- Includes The Reserve Bank of India Monetary Policy Committee and Monetary Policy Process Regulations, 2016
- Contains The Reserve Bank Commercial Paper Directions, 2017
- Covers The Specified Bank Notes (Cessation of Liabilities) Act, 2017
- Includes other relevant regulatory and statutory material
- Useful reference on central banking, banking supervision, monetary policy, and currency regulation
- Published as a Bare Act with Comments