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