Section 10 — Power of Reserve Bank to determine policy

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

RBI may determine policy for CICs, credit institutions and specified users when statutory public-interest conditions are met. Once policy is determined, affected entities are bound to follow it. This section is a key legal foundation for supervisory policy alongside the more specific directions power in section 11.

Chapter IIIManagement of credit information companies

Related on Finin2min

Credit Information Companies (Regulation) Act, 2005 — hub homeBanking Regulation Act, 1949 hubReserve Bank of India Act, 1934 hubRBI and banking knowledge hub

Primary official sources

← Section 9 — Management of credit information company Section 11 — Power of Reserve Bank to give directions →

Finin2min summary — explanatory text. The official Act, Rules, Regulations and notifications control if there is any difference. Educational and research resource, not legal, regulatory, tax or investment advice; verify the instrument in force on the relevant date.