Reserve Bank of India Act, 1934 alongwith allied rules and regulations

This edition of The Reserve Bank of India Act, 1934 (Act 2 of 1934), updated with the latest amendments including DoR LIC. No S1317/23.03.025/2024-25, dated 4-6-2024, serves as a comprehensive and reliable legal reference for students preparing for the All India Bar Examination (AIBE), as well as professionals in law, banking, finance, and regulatory compliance.

The book presents the bare text of the law—precisely as enacted—without commentary or interpretation, making it ideal for examination purposes and statutory referencing. It provides the statutory framework for the constitution, powers, and functions of the Reserve Bank of India, covering currency management, monetary policy, regulation of banks, and oversight of the financial system.

The content spans the full scope of the Act, including:

• Establishment, incorporation, and governance of the Reserve Bank of India

• Issue of banknotes, currency management, and legal tender provisions

• Regulation of banking companies, cooperative banks, and NBFCs

• Monetary policy formulation and the functioning of the Monetary Policy Committee

• Powers of the RBI to regulate credit, manage foreign exchange, and supervise the financial sector

• Allied Rules, Directions, and Regulations for complete coverage:

 – The Reserve Bank of India (Note Refund) Rules, 2009 (as amended)

 – The Reserve Bank of India (Board for Financial Supervision) Regulations, 1994

 – The Reserve Bank Commercial Paper Directions, 2012

 – The Reserve Bank – Integrated Ombudsman Scheme, 2021

 – Electoral Bond Scheme, 2018 (as amended)

 – Registration of Assignment of Receivables (Reserve Bank) Regulation, 2022

 – Registration of Factors (Reserve Bank) Regulation, 2022

This edition is particularly suitable for:

• AIBE aspirants seeking a statutorily accurate and updated resource

• Law students and academicians studying banking and financial laws

• Practising advocates handling regulatory, compliance, and banking litigation matters

• Bank officials, compliance officers, and financial regulators

• Policy-makers and researchers in monetary policy and financial governance

Whether used in the exam hall, in financial institutions, or in legal practice, this updated text delivers the full legislative authority of The Reserve Bank of India Act, 1934, as it applies in 2025.