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#1
September 2nd, 2015, 12:25 PM
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| Year of Establishment of Reserve Bank of India
I recently shifted to Maharashtra and want to know where the branches Reserve Bank of India located here. Will you please provide me the address and contact number of those branches and also tell me Year of Establishment of this Reserve Bank of India?
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#2
January 4th, 2020, 05:11 PM
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| Re: Year of Establishment of Reserve Bank of India
I am MBA final year student and searching for details about Reserve Bank of India. Will you tell year of establishment of Reserve Bank of India also tell basic functions of RBI?
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#3
January 4th, 2020, 05:12 PM
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| Re: Year of Establishment of Reserve Bank of India
The Reserve Bank of India is India's central bank, which controls the issue and supply of the Indian rupee. RBI is the regulator of entire Banking in India. RBI plays an important part in the Development Strategy of the Government of India Year of Establishment of Reserve Bank of India 1 April 1935, Kolkata The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as: Regulating the issue of Banknotes Securing monetary stability in India Modernising the monetary policy framework to meet economic challenges Legal Framework The Reserve Bank of India comes under the purview of the following Acts: Reserve Bank of India Act, 1934 Public Debt Act, 1944 Government Securities Regulations, 2007 Banking Regulation Act, 1949 Foreign Exchange Management Act, 1999 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Credit Information Companies(Regulation) Act, 2005 Payment and Settlement Systems Act, 2007 |
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