Reserve Bank of India Act, 1934 with Reserve Bank of India (Board for Financial Supervision) Regulations, 1994

This authoritative edition brings together the Reserve Bank of India Act, 1934 and the Reserve Bank of India (Board for Financial Supervision) Regulations, 1994, consolidated and presented with practitioner-friendly headnotes and cross-references. The RBI Act section covers the statute’s constitutional and institutional framework, powers to issue currency, conduct of monetary policy, regulation of banks and non-bank financial institutions, foreign exchange management, lender-of-last-resort functions, licensing and cancellation of banking operations, and penal provisions. The appended BFS Regulations set out the composition, remit and procedures of the Board for Financial Supervision — the RBI’s in-house supervisory forum for monitoring banking, non-bank finance and systemic risks — and describe supervisory review, off-site monitoring and enforcement pathways. Editor notes highlight key procedural steps for inspections, corrective measures, directions and sanctioning powers, and suggest compliance checklists for regulated entities. Carefully indexed and updated with official cross-references, this volume is designed to support lawyers, central-bank staff, banking compliance officers, policymakers and researchers who require an exact statutory text plus practical guidance on supervision and enforcement in India’s financial sector.