Reserve Bank of India Facts and Legal Documents

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937. Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.

RBI

Legal Framework

I. Acts administered by Reserve Bank of India

1. Reserve Bank of India Act, 1934
2. Public Debt Act, 1944/Government Securities Act, 2006
3. Government Securities Regulations, 2007
4. Banking Regulation Act, 1949
5. Foreign Exchange Management Act, 1999
6. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Chapter II)
7. Credit Information Companies(Regulation) Act, 2005
8. Payment and Settlement Systems Act, 2007
9. Payment and Settlement Systems Regulations, 2008 As Amended up to 2022
10. The Payment and Settlement Systems (Amendment) Act, 2015 – No. 18 of 2015
11. Factoring Regulation Act, 2011

II. Other relevant Acts

1. Negotiable Instruments Act, 1881
2. Bankers’ Books Evidence Act, 1891
3. State Bank of India Act, 1955
4. Companies Act, 1956/ Companies Act, 2013
5. Securities Contract (Regulation) Act, 1956
6. State Bank of India Subsidiary Banks) Act, 1959
7. Deposit Insurance and Credit Guarantee Corporation Act, 1961
8. Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
9. Regional Rural Banks Act, 1976
10. Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
11. National Bank for Agriculture and Rural Development Act, 1981
12. National Housing Bank Act, 1987
13. Recovery of Debts Due to Banks and Financial Institutions Act, 1993
14. Competition Act, 2002
15. Indian Coinage Act, 2011 : Governs currency and coins
16. Banking Secrecy Act
17. The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003
18. The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993

Banking Regulations-Notice/Circular/Master Direction/Framework

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