Reserve Bank of India Act, 1934
54A. Delegation of powers
(1) The Governor may, by general or special order, delegate to a
Deputy Governor, subject to such conditions and limitations, if any, as may be
specified in the order, such of the powers and functions exercisable by him
under this Act or under any other law for the time being in force as he may
deem necessary for the efficient administration of the functions of the bank.
(2) The fact that a Deputy Governor exercises any power or does
any act or thing in pursuance of this Act shall be conclusive proof of his
authority to do so.