Reserve Bank Of India (rbi)
Homepage http://www.rbi.org.in
LinkedIn Profile https://linkedin.com/company/rese***nk-of-i***
HQ Location
India , Maharashtra, MumbaiCentral Office SBS Marg, Fort Mumbai, Maharashtra 400001 India
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
PREAMBLE:
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."
MAIN FUNCTIONS
Monetary Authority:
Formulates, implements and monitors the monetary policy.
Regulator and supervisor of the financial system:
Prescribes broad parameters of banking operations within which the country's banking and financial system functions.
Manager of Foreign Exchange
Manages the Foreign Exchange Management Act, 1999.
Issuer of currency:
Issues and exchanges or destroys currency and coins not fit for circulation.
Developmental role
Performs a wide range of promotional functions to support national objectives.
Rela
Public Policy, Government Administration, Legislation, and Lawmaking
The public Policy & Government Administration industry encompasses organizations that provide services in support of public policy initiatives and government programs . These include consulting firms, educational institutions, research organizations, think tanks, and other entities that help shape legislation and ensure its successful implementation .
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