Functions of RBI ?
Answer / deepak
The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years. To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker. Banker to banks: maintains banking accounts of all scheduled banks.
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hii frns this is ruchi again thax for ur ans. i m selected from mumbai crcl n i dont know the date of intrviw.kub tak hoga kya kuch idea hai? and my qus are 1) what is core banking and its advantags and disadvantags. 2)what is muslim banking? share ur ans. bst of luck. thanx.
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