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Скачать или смотреть HIDDEN INFORMATION OF RBI |RBI की छुपी जानकारी | FACTS OF RBI | ACC

  • ACC - Academy For Corporate Career
  • 2023-07-09
  • 138
HIDDEN INFORMATION OF RBI |RBI की छुपी जानकारी | FACTS OF RBI | ACC
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Описание к видео HIDDEN INFORMATION OF RBI |RBI की छुपी जानकारी | FACTS OF RBI | ACC

The Reserve Bank of India (RBI) is the central banking institution of India. It is responsible for the regulation and supervision of the country's banking sector, monetary policy formulation, and currency issuance. The RBI plays a crucial role in maintaining financial stability, promoting economic growth, and ensuring price stability in India.

Established in 1935, the RBI operates under the Reserve Bank of India Act, which grants it authority to regulate and supervise banks, control the money supply, and manage foreign exchange reserves. The central bank is governed by a central board of directors appointed by the Indian government.

The RBI's primary functions include:

1. Monetary Policy: The RBI formulates and implements monetary policy to control inflation, stabilize prices, and promote economic growth. It uses various tools like interest rates, open market operations, and reserve requirements to manage money supply in the economy.

2. Banking Regulation and Supervision: The RBI regulates and supervises banks and financial institutions to ensure their stability and soundness. It issues licenses to new banks, sets prudential norms, conducts inspections, and takes corrective measures when necessary.

3. Currency Issuance: The RBI has the sole authority to issue and manage the Indian rupee currency. It aims to maintain the integrity and availability of currency notes and coins in the country.

4. Foreign Exchange Management: The RBI manages India's foreign exchange reserves and formulates policies to maintain exchange rate stability. It also facilitates foreign trade and regulates foreign exchange transactions.

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