Legal Framework of RBI

I. Acts administered by Reserve Bank of India

·         Reserve Bank of India Act, 1934

·         Public Debt Act, 1944/Government Securities Act, 2006

·         Government Securities Regulations, 2007

·         Banking Regulation Act, 1949

·         Foreign Exchange Management Act, 1999

·         Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Chapter II)

·         Credit Information Companies(Regulation) Act, 2005

·         Payment and Settlement Systems Act, 2007

o    Payment and Settlement Systems Regulations, 2008 and Amended up to 2011 and BPSS Regulations, 2008

o    The Payment and Settlement Systems (Amendment) Act, 2015 - No. 18 of 2015

·         Factoring Regulation Act, 2011

II. Other relevant Acts

·         Negotiable Instruments Act, 1881

·         Bankers' Books Evidence Act, 1891

·         State Bank of India Act, 1955

·         Companies Act, 1956/ Companies Act, 2013

·         Securities Contract (Regulation) Act, 1956

·         State Bank of India Subsidiary Banks) Act, 1959

·         Deposit Insurance and Credit Guarantee Corporation Act, 1961

·         Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

·         Regional Rural Banks Act, 1976

·         Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

·         National Bank for Agriculture and Rural Development Act, 1981

·         National Housing Bank Act, 1987

·         Recovery of Debts Due to Banks and Financial Institutions Act, 1993

·         Competition Act, 2002

·         Indian Coinage Act, 2011 : Governs currency and coins

·         Banking Secrecy Act

·         The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003

·         The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993

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