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Reserve Bank of India Act, 1934

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Reserve Bank of India Act, 1934

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Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India was formed.

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Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India was formed. This act along with the Companies Act, which was amended in 1936, were meant to provide a framework for the supervision of banking firms in India.[1]

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