Monetary Policy Transmission — Legal Precedents

Legal Precedents

RBI vs Jayantilal N. Mistry

2021

This case established the RBI's regulatory authority over Non-Banking Financial Companies (NBFCs) and their role in monetary policy transmission. The Supreme Court upheld RBI's…

State Bank of India vs Santosh Gupta

2017

This case dealt with the relationship between policy rate changes and existing loan contracts, particularly in the context of floating rate loans. The Supreme Court clarified that…