Constitution and functions of the Reserve Bank, and monetary policy — including the Monetary Policy Committee under s. 45ZB. Every CRR and SLR figure changes with policy, so no rate is stated here as the current one.
The sections below are the ones the LL.B. papers examine on this Act, with the unit that covers each and the cases decided on it. The official text is on India Code ↗.
Sections in the syllabus
s. 45-Q
Covered in Unit 2 · The Laws Governing Financial Institutions.
s. 49
Covered in Unit 3 · Financial Markets and Fiscal System.