About this document
Overview of Reserve Bank of India by Aakanksha Sanctis is a document available to read on EtoBox.
The Reserve Bank of India (RBI) was established in 1935 according to the RBI Act of 1934. It is fully owned by the Government of India since 1949. The key functions of RBI include regulating currency and credit systems, maintaining monetary stability, acting as a banker to the government and banks, and being the lender of last resort. RBI uses various monetary policy tools like repo rate, CRR, SLR, OMOs, and moral suasion to regulate money supply and credit conditions in order to achieve its objectives like
- Author
- Aakanksha Sanctis
- Language
- EN