Banking Loan Clerk Question:
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Explain me what are the functions of Reserve Bank of India?
Answer:
Mainly the functions of RBI are classified as follows:
☛ Bank of Issue
☛ Banker to Government
☛ Bankers’ Bank and Lender of the Last Resort
☛ Controller of Credit
☛ Custodian of Foreign Reserves
☛ Supervisory functions
☛ Promotional functions
☛ Bank of Issue
☛ Banker to Government
☛ Bankers’ Bank and Lender of the Last Resort
☛ Controller of Credit
☛ Custodian of Foreign Reserves
☛ Supervisory functions
☛ Promotional functions
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