The rbi act 1934 was enacted on the recommendations of
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Reserve Bank of India Act, 1934 was enacted on 6 March, 1934 to constitute the Reserve Bank of India. This law commended from April 1, 1935. It provides framework for the supervision of banks and other related matters
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Reserve Bank of India Act, 1934 is the legislative act under 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.
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