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Indian Banking Structure
What is the apex bank of India that regulates the monetary policy and banking system?
The Reserve Bank of India (RBI) is the apex bank, established in 1935 under the RBI Act, 1934, responsible for monetary policy, currency issuance, and regulation of banks.
What is the full form of RBI in the context of Indian banking?
Reserve Bank of India, established in 1935.
Under which Act was the State Bank of India constituted?
The State Bank of India was constituted under the State Bank of India Act, 1955, taking over the Imperial Bank of India.
In which year was the Reserve Bank of India established?
The Reserve Bank of India was established in 1935.
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