What Is Rbi [reserve Bank Of India], When It Is Established And What

1.	What Is Rbi [reserve Bank Of India], When It Is Established And What Are Its Functions?
Answer» RBI established in 1935, its head office in Mumbai. PRESENT GOVERNOR of RBI “ D. SubbaRao”. Its functions: Issues currency notes Acts as bankers bank Maintains foreign exchange reserves Maintains CRR and SLR RBI is also CALLED as “bankers bank”, because all banks will have a/c’s with RBI. It PROVIDES funds to all banks hence it is called as BANKERS BANK. RBI established in 1935, its head office in Mumbai. Present Governor of RBI “ D. SubbaRao”. Its functions: RBI is also called as “bankers bank”, because all banks will have a/c’s with RBI. It provides funds to all banks hence it is called as BANKERS BANK.

What Is Rbi [reserve Bank Of India], When It Is Established And What Are Its Functions?

Answer»

RBI established in 1935, its head office in Mumbai. PRESENT GOVERNOR of RBI “ D. SubbaRao”.

Its functions:

RBI is also CALLED as “bankers bank”, because all banks will have a/c’s with RBI. It PROVIDES funds to all banks hence it is called as BANKERS BANK.

RBI established in 1935, its head office in Mumbai. Present Governor of RBI “ D. SubbaRao”.

Its functions:

RBI is also called as “bankers bank”, because all banks will have a/c’s with RBI. It provides funds to all banks hence it is called as BANKERS BANK.