Govt Says RBI has enough teeth to keep Pvt, Public Banks in check: ET

News Letter

Date:25/7/2018

Govt Says RBI has enough teeth to keep Pvt, Public Banks in check: ET
     Yes, In general public this is known but does it stand in a court of law?
In one case in high court, this point came in the discussion. The learned counsel is asking under what section of the law, RBI is issuing this circular/directives?
    I need help from my readers and authorities, whether RBI guidelines/directives/circulars which are put in the public domain on the net does not display under which law, they are empowered.
 I request my reader to throw some light on this.

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