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 9 of 11.
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.
SAGER said:
1 decade ago
RBI is father of bank, control banking adminstration.
Puja nayak said:
1 decade ago
RBI is the head of all bank available in India
Murugan P K said:
1 decade ago
Very thinks of these answer are goods and yours effort to be appreciated.
Sisir kanti Majumder said:
1 decade ago
RBI is the guardian of all banking systems. It regulates the lending policy, Repo rate, Reverse Repo rate, controlls all activities of the financial institutions of the country, maintains reserve for all transactions.
Sandeep said:
1 decade ago
All the rules and regulations for banking implimented and roled by RBI
Surya IAS said:
1 decade ago
RBI takes care of Monetory Policy in India for details http://www.rbi.org.in/Scripts/Annualpolicy.aspx
(1)
Ashok kumar Bag said:
1 decade ago
RBI is the banker's banks of India. It makes all policies and regulations.
SHYAMAL said:
1 decade ago
RBI does not only regulate the rules for all nationalised banks but also it leads India infront of other countries. This is the bank which transacts with the foriegn behalf of India govt.
Abdulmajeed Kadooran - Areacod said:
1 decade ago
In India RBI is the central bank. RBI is the apex of the banking structure of India. RBI performs the functions of central bank like
i) Issuing of currency
ii) Act as bankers bank
iii) Act as banker, agent and advisor to government etc.
i) Issuing of currency
ii) Act as bankers bank
iii) Act as banker, agent and advisor to government etc.
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