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Reserve Bank of India supervises/oversees the banking operations of all banks in India. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds). They also decide the lending and deposit rates for all banks in the country.
What else can I help you with?
When the rbi started and its functions?
The Reserve Bank of India was started in the year 1935 during the British Rule. RBI is the central bank of India that regulates and supervises the operations of all the banks that operate within India. Any bank that operates inside the borders of the Indian country, have to follow the guidelines laid down by RBI.
Who was the Rbi's first governor?
Sir Osborne smith was the first RBI governor but the first Indian rbi governor was C.D.Deshmukh who was the third rbi governor
WHERE IS RBI SITUATED?
the RBI is situated in New Delhi
Is it 7 RBI or 7 RBI's?
Formally, since RBI stands for "runs batted in" it should be "seven RBI". However, in virtually universal usage, RBI is treated as a singular noun and therefore seven of them would be "seven RBIs".
How does RBI work?
An RBI works like this, if a batter hit the ball, no matter in what situation ( besides getting out with 2 outs) and if they get out or not but they get a run in, it is an RBI. An RBI stands for runs batted in.
What are the functions of RBI?
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
What are rbi's functions?
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
Who is the chairman of rbi?
Dr. YV Reddy is the Governor of the RBI
How many RBI's did Roberto Clemente have?
1,305 RBI's in his career.
What is the RBI price on coal on 28 November 2008?
what is the current RBI price on coal what is the current RBI price on coal
What is statutory liquidity ratio of RBI?
the rbi governer should ans this que first tht wht is monetory power of rbi
Who regulates the indian banking?
The Banking System of India is regulated by the Reserve Bank of India or RBI. RBI was established in the year 1935 with headquarters in Mumbai, India to oversee and supervise the banking industry in India. Every bank that functions inside the border of the country of India have to obtain prior approval from RBI before starting services and is bound to follow all the rules and guidelines laid down by them. The primary goal of RBI is to protect the citizens of the country from unfair practices which the banks may indulge in, if left unregulated/unsupervised.
