General Knowledge - Indian Economy - Discussion

The Reserve Bank of India (RBI) is the central banking institution of India responsible for regulating the monetary policy and controlling the supply of money in the country. It acts as a banker to the government and other commercial banks, manages foreign exchange reserves, and supervises the financial system.

On the other hand, the Central Bank of India (CBI) is a commercial bank that provides various banking services to its customers, such as loans, deposits, and other financial products. It is one of the oldest and largest commercial banks in India, with a wide network of branches and ATMs across the country.

In summary, the RBI is the central bank of India responsible for regulating the monetary policy and controlling the supply of money, while the CBI is a commercial bank that provides various banking services to its customers.

So, RBI is the central bank of India while CBI can't be the RBI.

The Central Bank of India and The Reserve Bank of India are both same right?

APEX means?

Monterey authority and liability rights are with RBI. So known as bankers bank. Therefore RBI is the central bank too.

Reserve Bank of India.

Which is the correct answer? Please tell me.

RBI is the constitutional body established in the year 1934 as a watchingdig of financial system in the country and it is the banker if all the banks in the country.

RBI is the head office of all banks.

Yes, RBI is the central bank of India.

What is the monetary policy? anybody answer it?