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Section Section 58F

Application of fine. 58G. Power of Bank to impose fine. 59. [Repealed:]: 60. [Rep

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58F. Application of fine. 58G. Power of Bank to impose fine. 59. [Repealed:]: 60. [Repealed:]: 61. [Repealed:]. THE FIRST SCHEDULE. THE SECOND SCHEDULE: THE THIRD SCHEDULE: [Omitted:]. THE FOURTH SCHEDULE. [Omitted. ]. THE FIFTH SCHEDULE: [Repealed.]. 5 THE RESERVE BANK OF INDIA ACT, 1934 AcT No. 2 OF 19341 [6th March, 1934.] An Act to constitute a Reserve Bank of India. WHEREAS it is expedient to constitute a Reserve Bank for India to regulate the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in ?[India] and generally to operate the currency and credit system of the country to its advantage; '[AND WHEREAS it is essential to have a modern monetary policy framework to meet the challenge of an increasingly complex economy; AND WHEREAS the primary objective of the monetary policy is to maintain price stability while keeping in mind the objective of growth; AND WHEREAS the monetary policy framework in India shall be operated by the Reserve Bank of India;] It is hereby enacted as follows: CHAPTER [ PRELIMINARY