General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 1)
1.
The central banking functions in India are performed by the
- Central Bank of India
- Reserve Bank of India
- State Bank of India
- Punjab National Bank
Discussion:
102 comments Page 2 of 11.
Manjunath g Wali said:
8 years ago
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.
Suban shariff.A said:
1 decade ago
RBI is the central bank of India and it is the only bank constitutes during British rule to regulate the money source in India. It was constitutes in the year 1935.
Poonam subhash said:
9 years ago
No doubt RBI is banker's bank and each and every financial function is controlled by RBI. Every other bank is controlled by RBI. It is the bigger bank in India.
ANSHOOL ANAND said:
9 years ago
Present RBI governor is Raghuram Rajan and deputy governor is H.R. Khan, Urjit Patel, R.Gandhi and S.S Mundra . RBI IS THE BRANCH BANK OF ASIAN CLEARING UNION.
Kunal Rana said:
1 decade ago
In order to prevent the Centralization of the equity shares in the hands of a few people, the Reserve Bank of India was established on January 1, 1949.
Esakki rani said:
1 decade ago
All the controls of banks been done by RBI only. It founded in 1935. RBI governor at present D. SUBBARAO. It makes all policies and regulations.
Pavan aravind said:
1 decade ago
RBI nationalized in 1949. It is establish in 1935 under 1934 RBI act. First it is establish by private individuals with 5cr of capital in 1935.
VENKATSWAMY said:
1 decade ago
Reservation of bank is correct the RBI governor is Raguram Raj the collecting of income tax, through banks it is announce to the RBI bank.
Sakthi said:
9 years ago
RBI all rules and regulation followed the all commercial banks. RBI started on 1st Jan 1935 and nationalised on 1 April 1946.
Raghav said:
7 years ago
Monterey authority and liability rights are with RBI. So known as bankers bank. Therefore RBI is the central bank too.
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