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What is RBI about?

The document summarizes the key roles and functions of the Reserve Bank of India (RBI). It describes RBI as the central bank of India established in 1935. The key roles of RBI include acting as the bank of issue which has the sole right to issue bank notes, serving as the banker and advisor to the government, acting as the lender of last resort to banks, maintaining foreign reserves as the custodian, supervising and regulating banks, and promoting banking development through various institutions. RBI contro

Author

Sanket Agarwal

Language

EN