Question

Define the relationship between Reserve Bank of India with all Commercial Banks.​

Answer 1

Answer:

The relationship between RBI (India's Central Bank) and the Commercial Banks should be seen from the legal and regulatory angle. ... The RBI is the monetary authority of India and supervises all the banks (nationalised banks, banks in the private sector and co-operative banks) under its jurisdiction.

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Answer 2

Answer:

Answer: The relationship between RBI (India's Central Bank) and the Commercial Banks should be seen from the legal and regulatory angle. ... The RBI is the monetary authority of India and supervises all the banks (nationalised banks, banks in the private sector and co-operative banks) under its jurisdiction.

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