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.
More or less all functions done by other sector banks though the co.op.banks have some restrictions from rbi and registars of concern state it could not conduct some special functions like bank guarantee to govt.mnc.,foreign business..letter of credit facility etc.
rbi
the current CRR declare by RBI is 6%.2011
1949
through this rbi controls inflation and deflation.
1935 April 1 with 5 corers of money all of are 100 rupees notes
it comes under "other public sector Banks" classified by RBi. every bank has to get approval from RBI to get started. IDBI is fully owned by Govt of India now
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.
Sir Osborne smith was the first RBI governor but the first Indian rbi governor was C.D.Deshmukh who was the third rbi governor
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
the RBI is situated in New Delhi
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".
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.
Dr. YV Reddy is the Governor of the RBI
1,305 RBI's in his career.
what is the current RBI price on coal what is the current RBI price on coal