Question

Q. 14 Name the central bank of our country and which is the largest commercial bank of
our country.​

Answer 1

Answer:

The Reserve Bank of India (RBI) is the central bank of India.

SBI is the largest commercial bank of India

Answer 2

The Central Bank of India is The Reserve Bank of India(RBI).

The largest Commercial Bank of India is State Bank of India(SBI).

The Reserve Bank of India(RBI)

• It is the Central Bank Of India.
• It is the apex monetary and banking authority in India.
• The RBI was established on 1st April 1935 initially as a "private shareholders" bank. It was nationalised on 1st January 1949 and given wide powers.
• The executive head of the RBI is called the Governor.
• RBI has 25 offices which are located in the state capital and a few major cities in India.
• Its headquarter is in Mumbai, which is known as the commercial capital of India.
• It has four zonal offices in Delhi, Kolkata, Chennai and Mumbai for four regions that is northern, eastern, southern and western regions respectively.

State Bank of India(SBI)

• It is the largest Commercial Bank in India
• It is ranked as one of the top five banks worldwide.
• It serves over 90 million customers
• It has a network of over 24,000 branches, spread across 36 countries.
• It has the largest employment opportunity in the country having more than 2 lakh employees in a year.

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