<h1>RBI's Regulatory Powers Under Banking Regulation Act, 1949: Inspection, Management Directives, and Insolvency Initiatives Unchanged.</h1> The Reserve Bank of India (RBI) holds extensive regulatory and supervisory powers over both public and private sector banks under the Banking Regulation Act, 1949. Its authority includes inspecting banks, directing management, auditing, and initiating insolvency processes. For nationalized banks and the State Bank of India, the RBI's powers extend to board appointments, auditor approvals, and management committee involvement. It also oversees large credit information and fraud reporting. The RBI's comprehensive powers are designed to address various banking issues, with no current proposals to alter these authorities. Ongoing improvements in regulatory functions are discussed with stakeholders, including the RBI.