Briefly explain the functions of RBI
Answers
Answer:
RBI
Explanation:
The Reserve Bank of India is India’s central bank and is wholly owned by the Government of India. Established on April 1, 1935, the RBI’s main office is located in India’s capital of Mumbai. Active management of the Reserve Bank of India (RBI) is provided by the central board of directors, which includes the bank’s governor, a maximum of four deputy governors, and a few directors of relevant local boards. The central board delegates specific functions through its committees and sub-committees, including: the committee of central board, which oversees the current business of the central bank; the board for financial supervision, which regulates and supervises commercial banks, finance companies, and financial institutions; and the board for payment and settlement systems.
Answer:
function of rbi are
monetary authority
formulate implement
monitor india policy