• Jitin Kumar Gambhir

The role of RBI in regulating Indian banks under the Banking (Regulation) Act through Amendment Act 23 of 1965 will be discussed in this article. The Banking Companies Act was passed in 1949 because of the misuse of powers by certain people who controlled a few banks but in relation to the protection of financial institutions in order to safeguard and protect the industrial interests of the community. By amending Act 23 of 1965, the title of the Act was amended to the Banking (Regulation) Act. Nationalised banks, non-nationalised institutions and cooperative banks are protected by the applicable law.In compliance with the provisions of the Reserve Bank of India Act, 1934, the Reserve State was created on April 1, 1935. The Reserve Bank's Wiring Closet was originally set up in Calcutta, but had been temporarily relocated to Mumbai in 1937. While originally government funded, the Reserve Bank has been listed on the main Market of India since nationalisation in 1949. The role including its RBI is to supervise the growth and functioning including its country's resultant product.

Indian Banks, Reserve Bank of India, Banking, Depository.

"Study of role of R.B.I (Reserve Bank of India) as Regulator", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 4, page no.148-151, April-2018, Available :http://www.jetir.org/papers/JETIREP06037.pdf

"Study of role of R.B.I (Reserve Bank of India) as Regulator", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 4, page no. pp148-151, April-2018, Available at : http://www.jetir.org/papers/JETIREP06037.pdf