RBI,the cenral bank of the country establishe on 1st April,1935 and it was nationalished on 1st January,1949 to control Indian monetory system.
SBI was nationalised in the year 1955 with RBI taking 60% stake
State Bank of India (SBI) is the largest nationalized bank in India but it does not perform any role when it comes to Reserve Bank of India (RBI). The RBI is an independent entity that takes policy decisions with respect to Banking in India and SBI along with all other banks in India have to adhere to the guidelines set up by RBI.
has not been nationalized
disadvantages of nationalized industries
Sir Osborne smith was the first RBI governor but the first Indian rbi governor was C.D.Deshmukh who was the third rbi governor
It wasn't "nationalized", but it is part of the constitution and it is followed as part of the law.
the RBI is situated in New Delhi
Something that was once nationalized (owned and operated by the state) that was then privatized and is once again made nationalized.
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.
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Dr. YV Reddy is the Governor of the RBI