Alerts & Updates 19th Sep 2024

Evolution of the Role of Reserve Bank of India: Current framework of imposition of penalties and need to enhance supervisory mechanism

Authors

Mukesh Chand Senior Counsel | Mumbai

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As the central banking institution and regulator of the financial system in India, the Reserve Bank of India (RBI) plays a crucial role as the primary regulator of the financial sector. Since its establishment under the RBI Act, 1934, the scope of RBI’s regulatory authority has expanded significantly, evolving in response to the growing complexities of the Indian economy and the global financial system. As the apex financial regulator in India, the Reserve Bank of India performs a variety of functions aimed at ensuring the stability, efficiency, and development of the country’s financial system.

Our alert covers some of the major activities and functions carried out by RBI.

Read the detailed alert here

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