The Reserve Bank of India

M. The ImperialBank of India shall be the sole agent of the Reserve Bank of India at all places in British India whore at the eonunencement of tke Reserve Bank of India Act 1933 there is a branch of the Imperial Bank of India and no branch of the Banking Department of the Reserve Bank of Bella. [...] In consideration of the performance by the Imnerial Bank of India on behalf of the Reserve Bank of India of the functions which the Imperial Bank of India was performing on behalf of the Governor-General in Oounoil at the places referred to in clause 1 before the coming into force of the Reserve Bank of India Act 1938 the Reserve Bank of India shall pay to the Imperial Bank of India a commission [...] Subject to the condition that the Imperial Bank of India shall keep open branches not less in number than those =Wag at the time of the aamian into force of the Reserve Bank of India Act 1988 the Rearm of India shall allow the Mowing haleness to the Imperial Bank of India at the interest rates rmaafter *milled namely :— (a) during the first five years from that time-3 orores free of interest; (b) [...] One of the outstanding features of the constitution of the Bank as framed by the Reserve Bank Act of 1984 is the parcelling out of the country into five areas and the allocation of the share capital to these areas with a view to democratise its ownership and to avoid undue influence of any particular province. [...] Separation of the Issue Department from the Banking Department The issue of bank notes will be conducted in the Issue Department which shall be separated and kept wholly ditinct on the model of the Bank of England from the Baning Department and the assets of the Issue Department shall not be subject to any liability other than liabilities of an amount equal to the total of the amount of cu