Functions of RBI ?
Answer / deepak
The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years. 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." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker. Banker to banks: maintains banking accounts of all scheduled banks.
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i am a B.Tech...so if i have been asked that why i want to enter into banking sector???What wil be the appropriate answer???
dear orissa circle candidate selected in sbi clerk 2010, did any one has got the offer letter or any info. abt the medical test date.plz pass the news in detail at trinath.net@gmail.com or at 9885560854 plzzzzzzzzzzzzzzzzzzz
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