The Reserve Bank Of India. RBI is the regulator of the entire Banking in India. The Reserve Bank of India was established with the main motto of regulating all the banks in India.
From formulating policies, issuing currency to monetary stability in and maintenance of such monetary stability is the duty of RBI. The Reserve Bank of India is the central bank of India, which was established on Apr. There are three Deputy Governors — B P Kanungo, Mahesh Kumar.
What are the present denominations of banknotes in The Government of India decides the quantity of coins to be minted on the basis of indents received from the Reserve Bank.
Regulator and administrator of the financial system.
The two Governors who have later held the post of the finance minister of India are. The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as : " To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." The Reserve Bank of India (RBI) is the central bank of India that formulates, implements and monitors the monetary policy. "to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy Dear All.