Foreign Exchange

Role of RBI as Banker & Debt Manager to the Government

April 28, 2011

In 1935, Reserve Bank of India, on its inception became the Banker and Debt Manager to the Government and this is a very important function. As per the Reserve Bank of India Act 1934, the Central Government entrusts the Reserve Bank with all its money, remittance, exchange and...

Functions of Reserve Bank of India

April 23, 2011

The functions of the Reserve Bank of India can be divided into various heads discussed as below: RBI as Monetary Authority of India RBI works as the monetary authority of India and there by operates the monetary policy. Monetary policy refers to an umbrella of operations used...

Advertisement