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INDIAN FINANCIAL SYSTEM- AN OVERVIEW
What is the primary function of an Indian financial system?
The Indian financial system facilitates the mobilisation of savings and channelling them into productive investments, thereby promoting economic growth and development.
What is the full form of NBFC in the Indian financial system?
Non-Banking Financial Company operating without a banking licence.
Which apex regulatory body oversees the Indian banking sector?
The Reserve Bank of India (RBI), established under the RBI Act 1934, is the apex regulatory body that oversees the Indian banking sector.
Which act governs the establishment and functioning of the Reserve Bank of India?
The Reserve Bank of India Act, 1934 governs RBI.
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