Reserve Bank of India Act, 1934

E31779

The Reserve Bank of India Act, 1934 is the foundational legislation that established the Reserve Bank of India and provides the legal framework for monetary policy, currency issuance, and regulation of the Indian financial system.

AI illustration

How this image was made

AI-generated illustration of Reserve Bank of India Act, 1934

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Reserve Bank of India Act, 1934 (The Reserve Bank of India Act, 1934 is the foundational legislation that established the Reserve Bank of India and provides the legal framework for monetary policy, currency issuance, and regulation of the Indian financial system.)

All labels observed (3)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf Act of Parliament of India ⓘ
banking legislation ⓘ
monetary law ⓘ
administeredBy Ministry of Finance, Government of India ⓘ
linked to: Ministry of Finance

Reserve Bank of India ⓘ
amendedBy Banking Regulation Act, 1949 (consequential amendments) ⓘ
various subsequent Amendment Acts of Parliament of India ⓘ
authorizes issue of bank notes by the Reserve Bank of India ⓘ
cameIntoForceOn 1 April 1935 ⓘ
citation Act No. 2 of 1934 ⓘ
containsProvisionOn bank rate ⓘ
banking regulation by the Reserve Bank of India ⓘ
cash reserve ratio ⓘ
issue department of the Reserve Bank of India ⓘ
lender of last resort function of the Reserve Bank of India ⓘ
management of foreign exchange reserves ⓘ
monetary policy instruments of the Reserve Bank of India ⓘ
open market operations ⓘ
regulation of non-banking financial institutions by the Reserve Bank of India ⓘ
statutory liquidity ratio ⓘ
ways and means advances to governments ⓘ
continuedInForceAfter Independence of India in 1947 ⓘ
country India ⓘ
dateOfEnactment 6 March 1934 ⓘ
defines composition of the Central Board of Directors of the Reserve Bank of India ⓘ
functions of the Reserve Bank of India ⓘ
governance structure of the Reserve Bank of India ⓘ
powers of the Reserve Bank of India ⓘ
enactedBy Imperial Legislative Council ⓘ
establishes Reserve Bank of India ⓘ
languageOfText English ⓘ
longTitle An Act to constitute a Reserve Bank of India to regulate the issue of bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage ⓘ
preIndependenceLegislationOf British India ⓘ
primaryObjective operating the currency and credit system of India to its advantage ⓘ
securing monetary stability in India ⓘ
providesLegalFrameworkFor currency issuance in India ⓘ
monetary policy in India ⓘ
regulation of the Indian financial system ⓘ
relatedTo Banking Regulation Act, 1949 ⓘ
Foreign Exchange Management Act, 1999 ⓘ
Payment and Settlement Systems Act, 2007 ⓘ
shortTitle Reserve Bank of India Act, 1934 ⓘ
status in force ⓘ
subjectMatter central banking ⓘ
currency management ⓘ
financial regulation in India ⓘ
monetary system ⓘ
territorialExtent whole of India ⓘ
yearOfEnactment 1934 ⓘ

How these facts were elicited

Referenced by (14)

Full triples — surface form annotated when it differs from this entity's canonical label.

Indian rupee → governingAct → Reserve Bank of India Act, 1934 ⓘ
Reserve Bank of India → establishedUnderAct → Reserve Bank of India Act, 1934 ⓘ
Reserve Bank of India Act, 1934 → shortTitle → Reserve Bank of India Act, 1934 ⓘ
RBI Annual Report → legalBasis → Reserve Bank of India Act, 1934 ⓘ
Banking Regulation Act, 1949 (consequential amendments) → amends → Reserve Bank of India Act, 1934 ⓘ
Payment and Settlement Systems Act, 2007 → relatedTo → Reserve Bank of India Act, 1934 ⓘ
Act No. 2 of 1934 → hasOfficialName → Reserve Bank of India Act, 1934 ⓘ
Act No. 2 of 1934 → shortTitle → Reserve Bank of India Act, 1934 ⓘ
Monetary policy of India → legalBasis → Reserve Bank of India Act, 1934 ⓘ
Monetary policy of India → legalBasis → Reserve Bank of India (Amendment) Act, 2016 ⓘ
linked to: Reserve Bank of India Act, 1934
Monetary Policy Report of the Reserve Bank of India → relatedTo → RBI Act, 1934 ⓘ
linked to: Reserve Bank of India Act, 1934
RBI Deputy Governor in charge of monetary policy → legalBasis → Reserve Bank of India Act, 1934 ⓘ
Monetary Policy Report → relatedTo → Reserve Bank of India Act, 1934 ⓘ