Reserve Bank of India Works As A Bankers' Bank ↓
The Reserve Bank of India i.e RBI is the central bank of our country. It was established in the year 1935, under the Reserve Bank of India Act, 1934.
Being a central bank, RBI has control over the entire currency and banking system in India. It acts as a banker to both the state and the central government in India. It has the exclusive right to
Tuesday, 1 March 2011
Reserve Bank of India Bankers Bank - RBI Lender of Last Resort
Posted on 20:10 by Unknown
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