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Final Indian Finanacial System

Final Indian Finanacial System

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Publicado porDelson Bhatkhande

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Categories:Topics, Art & Design
Published by: Delson Bhatkhande on Sep 04, 2010
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09/07/2012

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The Reserve Bank of India is the central bank of the country entrusted with
monetary stability, the management of currency and the supervision of the
financial as well as the payments system.

Established in 1935, its functions and focus have evolved in response to the
changing economic environment. Its history is not only intrinsically
interwoven with the economic and financial history of the country, but also
gives insights into the thought processes that have helped shape the
country's economic policies.

The Reserve Bank of India is the central bank of the country. Central banks
are a relatively recent innovation and most central banks, as we know them
today, were established around the early twentieth century.

The Reserve Bank of India was set up on the basis of the recommendations
of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II
of 1934) provides the statutory basis of the functioning of the Bank, which
commenced operations on April 1, 1935.

The RBI has 22 regional offices, most of them in state capitals like Bhopal,
Hyderabad, Jaipur, Nagpur, Kolkata etc.

89 Thakur College Of Science & Commerce

Indian Financial System

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