Legal Question in Banking Law in India

What are the powers of Reserve Bank of India over Banking companies and Bank?

Asked on 7/14/13, 10:31 pm

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

15.07.2013

Dear Sir / Madam,

The main powers of the Reserve Bank of India are :

1. To act as a regulator of economic & monetary policies and fiscal programs;

2. To oversee the functions of nationalized, private, scheduled and unscheduled banks in India and;

3. To set the pulse and tone of infrastructure development in the country.

Regards,

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Answered on 7/15/13, 4:35 am


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