Reserve Bank of India Act, 1934

Section - 45ZB - Constitution of Monetary Policy Committee

Constitution of Monetary Policy Committee.

[45ZB. (1) The Central Government may, by notification in the Official Gazette, constitute a Committee to be called the Monetary Policy Committee of the Bank.

(2) The Monetary Policy Committee shall consist of the following Members, namely:-

(a)- the Governor of the Bank- Chairperson, ex officio;
(b)- Deputy Governor of the Bank, in charge of Monetary Policy- Member, ex officio;
(c)- one officer of the Bank to be nominated by the Central Board- Member, ex officio; and
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