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
The capital of the Bank shall be five crores of rupees.
Repealed by the Reserve Bank (Transfer to Public Ownership) Act, 1948 w.e.f. 1-1-1949
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.
CHAPTER III CENTRAL BANKING FUNCTION