The Reserve Bank of India (RBI) is the central bank of India established on April 1, 1935. It is owned by the Government of India and has subsidiaries like the National Housing Bank, Deposit Insurance and Credit Guarantee Corporation, and National Bank for Agriculture and Rural Development. Some key roles of RBI include being the sole issuer of banknotes, banker and advisor to the Government of India, lender of last resort to banks, controller of credit in the country, and custodian of foreign exchange reserves.
The Reserve Bank of India (RBI) is the central bank of India established on April 1, 1935. It is owned by the Government of India and has subsidiaries like the National Housing Bank, Deposit Insurance and Credit Guarantee Corporation, and National Bank for Agriculture and Rural Development. Some key roles of RBI include being the sole issuer of banknotes, banker and advisor to the Government of India, lender of last resort to banks, controller of credit in the country, and custodian of foreign exchange reserves.
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The Reserve Bank of India (RBI) is the central bank of India established on April 1, 1935. It is owned by the Government of India and has subsidiaries like the National Housing Bank, Deposit Insurance and Credit Guarantee Corporation, and National Bank for Agriculture and Rural Development. Some key roles of RBI include being the sole issuer of banknotes, banker and advisor to the Government of India, lender of last resort to banks, controller of credit in the country, and custodian of foreign exchange reserves.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd