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What are the functions of RBI?
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- RBI, State Bank Of India SBI, I also Faced
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Answer Posted / eswar narkedamilli
What is The Reserve Bank of India?
The Reserve Bank of India[RBI] is the apex institution of
the Indian Finanacial System.It is the central bank of the
country and is fully owned by the Government of India.
What are the functions of the RBI?
The functions of the Reserve Bank of India are:
1.The primary function of the RBI is to issue a stable legal
tender of money, both in volume and composition, to the
varying needs of the economy.It has the sole right of
issuing both currencies and bank notes.
2.Secondly, the RBI handles the cash reserves of other banks
in the country. It acts as a "Bank of Banks" .It makes the
transactions or transfers of money and payments occuring
between the banks much more easier.
3.The RBI holds the power to stabilise the situation of an
economy or to satisfy its expansion needs by pumping in
additional money or currency in the market.It also regulates
the interest rates on loans, which it provides to other
commercial banks in the country, that allows it to restrict
the flow of money or to relax the flow of currency as per
the needs and requirements of the circumstances.Such actions
were recently seen during the "GLOBAL FINANCIAL TURMOIL" ,
where the RBI pumped in loads of money into the markets and
also announced a significant cut in the rates of interst
imposed on loans.
4. It is also the bank of the Government. It provides
ordinary banking services to both the Central Government and
the State Governments. It also acts as an underwriter to them.
5.It acts as a safe-keeper of the foreign-exchange reserves
of the country.This makes the co-ordination and management
of the money matters of the nation easier to handle. It is
crucial in calculating the strength of the currency when
compared currencies of other nations.
6.The RBI also manages the exchange rates and helps in its
regulation and stabilisation.Being the custodian of foreign
exchange reserves facilitates this task of the Central Bank
of the country.A stable rate of exxchange is very
resourceful in promoting international trade and orderly
capital flows.
7.It also has additional functions related to supervising
and auditing of other banks. Banks which intend to practice
in the country for various commercial activities must obtain
their license from the Resrve Bank of India.
The Reserve Bank has also proved to be immenseley helpful in
the promotion of markets for Government securities.
| Is This Answer Correct ? | 62 Yes | 12 No |
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are u preparing only for sbi clerical or any other bank?plz help how to answer this
being a b.tech graduate,why are you opting for this banking career?
hi friends first of all i congratulate all selected candidates selected for interview. If one of u have got call letter for Delhi for 30th April 2010 plz inform me on my email anil.jamalpuria@yahoo.com u also can contact me on 09017785585
hi friends !!! do anyone have any idea , after how many days of result declaration, sbi will commence the training for selected candidates and for how many days n when will they declare details of banks allotted to them ....
hai friends, this is Raju. i cleared bank of baroda clerical exam. i have personal interview on 05-10-2010. this is my first interview. I don't have any idea about it. will you please give a brief idea about the interview? please i have very less time plese help me. please send your valuable suggestions to this mail id narasimharaju_kuruba@yahoo.in or my mobile 9533313536. my qualification is btech. please friends.....
Hi people. My name is John. First of all i would like to thank you and congratulate you all for the successful completion of the interview and hope that the best man/woman walks away with the job. I post here my request for answers to a few questions related to the interview process. I gave my interview in Delhi on 4th may 2010 at the SBI Learning centre in noida. I would like to know the following: 1: how many centres were there in delhi for the purpose of interview? 2: when was the first and last day (duration) of interview in delhi? 3: were the candidates called according to the merit after the written test or was it alphabetical. if it was neither, then how were they calling the candidates? 4: also what are the chances of a candidate who thinks that the interview did not go according to his plan? There is still hope isn't it? 5: do people "horse trade" vacancies (perfect opportunity for somebody's uncle or someone's greased up mla recommendation for a candidate; since sbi taking this long for a result.)? I definitely hope tht the crpd do us a big favour by releasing the results soon. thanks in advance to all those who are kind enough to rest the ghosts in my mind.
HI EVERY1 MY NAME IS CHANDER MOHAN(09873551124),NEW DELHI APPEARED FOR SBI CLERICAL INTERVIEW ON 27 APRIL AT NOIDA,THIS THREAD IS FOR THOSE WHO APPEARED AT NOIDA, AS I M SURE THAT WHENEVR THE RESULT WILL BE DECLARED, I'LL MIGHT GET SELECTED. SO THIS THREAD FOR THOSE WHO WANT ANY SORT OF THEIR QUERY TO BE RESOLVED,CAN CONTACT ME ON mrchang8786@gmail.com..... or HERE ON THIS THREAD,EXCEPT THE RESULT DATE. THIS THREAD WILL HELP US IN CASE WE WERE SELECTED IN DELHI, AND TO SHARE OUR EXPERIENCES FOR FURTHER QUERIES AFTER RESULT IS DECLARED.
why banking field is better than other field in government sector................reply fast
WHAT ABOUT MOBILE BANKING?
Am MBA in Finance can anyboby give me suggestions abt the questions on my specialization which i can expect in SBI interview tssiri@gmail.com
hi myself gaurav sharma and my interview is on 30th april 2010 in delhi plz send me everything you know about interview questions. my email is gaurav.ttt74@yahoo.com
How many marks in SBI clerical written test will make our job hopes fine....Plz anyone ans to this.....will they consider interview marks also?
why do u want to join sbi
wil u pls send me previous papers of bsrb clerical
WHEN WILL THE INTERVIEW RESULTS PUBLISHED?
