Functions of RBI | Classification of banks | Banking Awareness

Functions of RBI | Classification of banks | Banking Awareness

In this video, titled "Functions of RBI & Classification of banks," Afreen Azmat delves into the key roles and responsibilities of the Reserve Bank of India (RBI) and provides insights into the classification of banks.

Starting with the functions of RBI, Azmat discusses how the central bank plays a crucial role in controlling and regulating monetary policy in India. She explains the RBI's primary function of issuing and managing the country's currency, as well as its responsibility in formulating and implementing monetary policy to ensure price stability and economic growth.

Moving on to the classification of banks, Azmat sheds light on the different types of banks that exist in the Indian financial system. She outlines the three main categories: commercial banks, cooperative banks, and regional rural banks, and explains their unique characteristics and purposes.
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