Amendment status not verified — confirm the current text below against the official source.
[Repealed.]. THE FIRST SCHEDULE. THE SECOND SCHEDULE. THE THIRD SCHEDULE.—[Omitted.]. THE FOURTH SCHEDULE.—[Omitted.]. THE FIFTH SCHEDULE.—[Repealed.]. 6 THE RESERVE BANK OF INDIA ACT, 1934 ACT NO. 2 OF 19341 [6th March, 1934.]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 2[India] and generally to operate the currency and credit system of the country to its advantage; 3[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 I PRELIMINARY