Social Sciences, asked by bbihani303, 1 year ago

which government body surpraise and function of bank in INDIA

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Answered by Nitish0001
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━━━━━━━━━━━━━━━━━━━\mathfrak{\green{Answer.}}Formed in 1935 under the Reserve Bank of India Act, 1934, RBI plays a monumental role in designing the monetary policies. The main functions of RBI are to regulate the banks in the country and also provide important financial services like controllinginflation in the country and storing financial exchange reserves.
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Answered by rajn58
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Answer:

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━━━━━━━━━━━━━━━━━━━\mathfrak{\green{Answer.}}Answer. Formed in 1935 under the Reserve Bank of India Act, 1934, RBI plays a monumental role in designing the monetary policies. The main functions of RBI are to regulate the banks in the country and also provide important financial services like controllinginflation in the country and storing financial exchange reserves.

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