Legal Framework

The Reserve Bank of India comes under the purview of the following Acts:

♤ Reserve Bank of India Act, 1934

♤ Public Debt Act, 1944

♤ Banking Regulation Act, 1949

♤ Foreign Exchange Management Act, 1999

♤ The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002

♤ Credit Information Companies(Regulation) Act, 2005

♤ Payment and Settlement Systems Act, 2007

♤ Government Securities Regulations, 2007Securitisation