Policy Rates and Tools — Legal Precedents

Legal Precedents

RBI vs Peerless General Finance and Investment Co. Ltd.

1987

This Supreme Court judgment established RBI's regulatory authority over non-banking financial companies and clarified the scope of monetary policy tools. The court upheld RBI's…

State Bank of India vs RBI

2007

This case dealt with the calculation and maintenance of CRR, establishing important precedents for reserve requirement compliance. The judgment clarified the methodology for…