which government body surpraise and function of bank in INDIA
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━━━━━━━━━━━━━━━━━━━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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━━━━━━━━━━━━━━━━━━━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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━━━━━━━━━━━━━━━━━━━\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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