a note on reserve Bank of india
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Answer:
The Reserve Bank of India (RBI) is India's central bank, which controls the issue ... "to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary ...
Bank rate: 4.40%
Reserves: ₹3,612,641 crore (US$510 billion)
Interest on reserves: 4.00% (market determined)
Governor: Shaktikanta Das
The Reserve Bank of India is the banking system of India, which controls the issue and supply of the Indian rupee.
Explanation:
The Reserve Bank of India is the banking system of India, which controls the issue and supply of the Indian rupee. RBI is the regulator of all banking operations in India. RBI plays an important role in the Government of India's development strategy. RBI regulates commercial banks and non-banking finance companies operating in India. It is the leader of the banking system and the money market. It regulates the supply of money and credit in the country. The RBI carries out Indian monetary policy and exercises supervision and control over banks and non-banking finance companies in India. RBI was established in 1935 under the Indian Reserve Bank Act, 1934.
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