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Banking Regulation Act, 1949 · Section guide

Section 36: Further powers and functions of Reserve Bank

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Section 36 — Further powers and functions of Reserve Bank. Gives RBI additional supervisory powers, including caution/advice, assistance, requiring management changes and other measures. Listed in the section; use the exact limb authorising the intended supervisory step.

Official statute linkedProvision-specific anatomyPractical case + evidence file
Official text: DFS consolidated Act

Statutory structure and provision map

This map is a provision-specific explanation, not a substitute for the exact statutory text.

Core statutory rule

Gives RBI additional supervisory powers, including caution/advice, assistance, requiring management changes and other measures listed in the section.

Condition / limitation

use the exact limb authorising the intended supervisory step.

Source and effective-date control

Apply the wording of Section 36 that was in force on the event date; use the official Act and any applicable commencement/amending instrument linked on this page.

Professional application

Map each additional RBI function/power, consultation and evidence requirement rather than a single umbrella statement.

Evidence / working-paper checklist

  • Section 36 evidence: RBI notice/direction/inspection requisition.
  • Section 36 evidence: books, returns and source data supplied to RBI.
  • Section 36 evidence: management response and remediation evidence.
  • Section 36 evidence: effective-date mapping for every operative paragraph of the RBI instrument.

Retain the event date and source version with the file so the conclusion remains reproducible after later amendments.

Common mistakes to avoid

  • For Section 36, avoid treating an RBI direction as advisory.
  • For Section 36, avoid answering an inspection request from summary data that cannot be reconciled to books.
  • For Section 36, avoid implementing a circular without checking applicability, effective date and supersession.

Related sections inside the Act

Section 35AB — RBI directions in respect of stressed assetsSection 35B — Appointments of managing directors, etc. subject to previous RBI approvalSection 36A — Certain provisions not to apply to certain banking companiesSection 36AA — RBI power to remove managerial and other persons from office

Use these links to read Section 36 in its statutory sequence, especially where the provision imports definitions, approvals, appeals, penalties or winding-up consequences from neighbouring sections.

Current-law source control

Source control: Section 36 is anchored to the official DFS consolidated text; later changes require separate Gazette verification.

Dated matters: verify any later Gazette, RBI direction or binding judgment affecting Section 36 on the event date.

Disclaimer

This Finin2min page is an educational and professional reference. Banking regulation is fact-, entity- and date-sensitive. Verify the current Act, Gazette amendments and commencement notifications, applicable RBI Rules/directions and the transaction record before acting or filing.