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April 29, 2015

Part 14- Indian Constitution Class Notes PDF Download



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Part 13- Indian Constitution Class Notes PDF Download



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Part 12- Indian Constitution Class Notes PDF Download



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Part 11- Indian Constitution Class Notes PDF Download



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Part 10- Indian Constitution Class Notes PDF Download



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Part 9- Indian Constitution Class Notes PDF Download



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Part 8- Indian Constitution Class Notes PDF Download



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Part 7- Indian Constitution Class Notes PDF Download



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Part 6- Indian Constitution Class Notes PDF Download



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Part 5- Indian Constitution Class Notes PDF Download



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Part 4- Indian Constitution Class Notes PDF Download



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Part 3- Indian Constitution Class Notes PDF Download



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Part 2- Indian Constitution Class Notes PDF Download



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Part 1- Indian Constitution Class Notes PDF Download

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April 24, 2015

Reserve Bank of India (RBI) & Its Functions: Promotional & Supervisory Explained

Reserve Bank of India
Indian banking system has given a shape and structure by the formation of central bank in India, known as Reserve Bank of India (RBI). It was established in 1935 under RBI Act 1934 with a capital of 5 crores, divided into 100 shares of 5 lakhs each and was owned by government with limited functions. After independence to India, RBI was nationalized on 1st January, 1949. Banking Regulation Act 1949 empowered RBI and gave full-fledged functions of a central bank and as a banking and financial regulatory authority of India. By this RBI has authority to license and control banks, audit them, inspect, regulate and monitor.

RBI functions with certain objectives such as:
  • To maintain monetary stability.
  • To maintain financial stability and ensure sound financial institutions.
  • To maintain stable payment systems.
  • To ensure credit allocation by the financial system.
  • To regulate the overall volume of money and credit in the economy.
  • To promote the development of financial markets.
  • To educate and convert the general public to use organized financial and banking sector.
Promotional Functions of RBI

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