can anyone pls supply me with information regd the rbi.?
when i say information,i mean the role of rbi and the importance of the reserve bank of india.i want no other info,pls.these 2 things r very important as i m doin a project on them and i have 2 submit it soon.
Public Comments
- Maintain price stability and ensuring adequate flow of credit to productive sectors Maintain public confidence in the system, protect depositors' interest and provide cost-effective banking services to the public To facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India To give the public adequate quantity of supplies of currency notes and coins and in good quality Perform a wide range of promotional functions to support national objectives Maintain banking accounts of all scheduled banks
- it's task is maintain abalance betn Growth rate,Inflation &employment in the country thru It's Monetary Policy *provides guidance 2 the economy *sets the target for key areas *influence the key MacroEconomic factors further more, It also, (1)controls & manages the exchange rate (2)act as the banker's bank (3)Banker to the Govt (4)Regulator of various financial intermediaries such as banks,NBFC's etc. (5)survelloir and implement of FEMA act (6)Misc such as clearing house agent for variousgovtbodies and financial ones such as Indian Postal Dept
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