Section 4 - Capital of the Bank, Section 5 - Increase and reduction
of Share Capital, Section 6 - Offices, branches and agencies : RBI
How much is capital of the Bank? What are the rules of offices,
branches and agencies of bank? Section 4 and 6 of
Reserve Bank of India Act 1934
Section 4 of RBI Act 1934 : "Capital of the Bank"
The capital of the Bank shall be five crores of
Section 5 of RBI Act 1934 : "Increase and reduction of
Repealed by the Reserve Bank (Transfer to Public Ownership)
Act, 1948 w.e.f. 1-1-1949
Section 6 of RBI Act 1934 : "Offices, branches and
The Bank shall, as soon as may be, establish offices in
Bombay, Calcutta, Delhi and Madras and may establish branches or
agencies in any other place in India or, with the previous
sanction of the Central Government elsewhere.