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    The Reserve Bank of India (RBI) is the central bank of India, established in 1935 under the RBI Act of 1934. It is headquartered in Mumbai and was nationalized in 1949. RBI maintains monetary stability and financial system stability through regulating money supply and credit, promoting financial infrastructure development, and maintaining stable payment systems. It also serves as the government's bank, issues currency, supervises other banks, controls foreign exchange, and promotes the overall financial system.

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    RBI

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    The Reserve Bank of India (RBI) is the central bank of India, established in 1935 under the RBI Act of 1934. It is headquartered in Mumbai and was nationalized in 1949. RBI maintains monetary stability and financial system stability through regulating money supply and credit, promoting financial infrastructure development, and maintaining stable payment systems. It also serves as the government's bank, issues currency, supervises other banks, controls foreign exchange, and promotes the overall financial system.

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    8 views4 pages

    By-Monika Sood Pragya Mishra

    Uploaded by

    Monika Sood
    The Reserve Bank of India (RBI) is the central bank of India, established in 1935 under the RBI Act of 1934. It is headquartered in Mumbai and was nationalized in 1949. RBI maintains monetary stability and financial system stability through regulating money supply and credit, promoting financial infrastructure development, and maintaining stable payment systems. It also serves as the government's bank, issues currency, supervises other banks, controls foreign exchange, and promotes the overall financial system.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    RBI

    BY-MONIKA SOOD PRAGYA MISHRA

    INTRODUCTION
    It is central bank of India. It was established on 1st April,1935 It is regulated under RBI Act,1934 It was established on recommendations of Hilton Young Commission. Head office is situated in Mumbai. It was nationalized in the year 1949. Governor is Mr. D.Subbarao.

    FUNCTIONS
    Maintain monetary stability. Maintain financial stability. Maintain stable payment systems. Promote development of financial infrastructure. Regulate the volume of money and credit in economy.

    ROLES
    Note issuing authority. Government banker. Banker`s bank. Supervising authority. Exchange control authority. Promoter of the financial system. Regulator of money and credit.

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