Accountancy, asked by amityadav996644, 4 months ago

in india has social control and public ownership RBI

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Answered by saran00766

3

Answer:

what i can't understand your question

Answered by XxKOMALffxX

1

Answer:

While the RBI became a state owned institution from January 1, 1949, the Banking Regulation Act was enacted in 1949 providing a framework for regulation and supervision of commercial banking activity. ... To meet these concerns, in 1967, the Government introduced the concept of social control in the banking industry.

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