Question
In which cities was the Reserve Bank of India originally
required to establish its offices under Section 6 of the RBI Act, 1934?Solution
Section 6 requires the Bank to establish offices in Bombay, Calcutta, Delhi and Madras as soon as may be. Originally the section referred to 'Delhi, Madras and Rangoon', but this was substituted by Act 11 of 1947 following the separation of Burma. The reference to a branch in London was also omitted by Act 24 of 1955. Thus, the four statutory office cities are Bombay, Calcutta, Delhi and Madras.
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