Login

Feed Post

Atharva Deshmukh

Stealth • 4m

Brief History of RBI The Reserve Bank of India (RBI) was established on April 1, 1935, based on the Hilton Young Commission's recommendations and the Reserve Bank of India Act, 1934. Initially, the RBI took over the functions of the Controller of Currency and the Imperial Bank of India, managing government accounts and public debt. The RBI served as the central bank for Burma until 1947 and for Pakistan until 1948, and was nationalized in 1949. From its inception, the RBI played a developmental role, especially in agriculture, and helped establish key financial institutions in India. Since liberalization, the RBI has focused on core central banking functions like Monetary Policy, Bank Supervision and Regulation, and Financial Market Development.

2 replies10 likes
Replies (2)

More like this

Recommendations from Medial

Mahendra Lochhab

Stealth • 4m

The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by the FY29.

0 replies5 likes
1

financialnews

Stealth • 3d

"RBI Lifts 7-Month Ban on JM Financial Services, Allowing Financing Against Shares and Debentures" Following the RBI's decision to lift restrictions after seven months, JM Financial Services can now resume offering financing against shares and deben

See More
0 replies6 likes
Image Description

Sanket Jadyar

Stealth • 4m

The Reserve Bank of India (RBI) announced on Friday that it has kept the benchmark repo rate unchanged at 6.5% for the eighth consecutive time. What exactly is repo rate? How does it affect you?

1 replies5 likes
Image Description

Atharva Deshmukh

Stealth • 4m

Have studied about Monetary Policy in short and it's effect. The monetary policy is a tool through which the Reserve Bank of India (RBI) controls the money supply by controlling the interest rates. RBI is India’s central bank. While setting the int

See More
1 replies8 likes
Image Description
Image Description

Mahendra Lochhab

Stealth • 3m

Bank of India, the first bank to open a branch outside India.

9 replies13 likes

Vikram Kumar

Stealth • 4d

Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

See More
0 replies2 likes
Image Description
Image Description

BigLoot IN

Stealth • 4d

Navi has built a personal loan book size exceeding ₹10,439 crore and has an Asset Under Management (AUM) of ₹11,725 crore. The company charges interest rates as high as 45% on loans. For home loans, it's reported that they require full access to pers

See More
3 replies5 likes
Image Description

Saksham

Stealth • 3m

Supreme Court Looks into Credit Bureaus' Data Practices The Indian Supreme Court is investigating four credit information companies: TransUnion CIBIL, Experian, Equifax, and CRIF High Mark. These companies are accused of violating the privacy of mi

See More
1 replies6 likes

Mahendra Lochhab

Stealth • 1m

India has a large reserve of lead-zinc ore, with 89.32% of the country's reserves located in Rajasthan.

0 replies3 likes

Rahul Gupta

Stealth • 4m

When the new government of India takes office, the central bank will give them $25 billion. This money can be used in two ways: the government can either spend it on various projects and programs or use it to reduce the country's debt faster.

0 replies3 likes

Download the medial app to read full posts, comements and news.