We all know that India entered into the era of economic planning in 1951. The monetary and Fiscal Policies had to be adjusted to the requirements of the...
The Urban Cooperative Banks have to obtain a license from the Reserve Bank for doing banking business. The unlicensed primary (urban) co-operative banks can continue to carry on...
There are two ways of presence of foreign banks in India. First is the branch form of presence which means that the foreign bank has its physical branch...
One of the most important functions of RBI is to work as regulator and supervisor of financial system. The financial system in India includes Commercial Banks, Regional Rural...
RBI is bank of all banks in India. As a banker of banks, RBI: Enables smooth and swift clearing and settlements of inter-bank transactions Provides efficient means of...
RBI works as a banker to the State Governments by agreement. But there is no fixed minimum reserve balance for the State Governments. All state Governments are required to maintain...
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...
Originally, the assets of the Issue department were to consist of not less than 2/5th of the Gold or sterling securities, provided Gold was NOT less than Rs. 40 Crores...
Originally, the assets of the Issue department were to consist of not less than 2/5th of the Gold or sterling securities, provided Gold was NOT less than `...
