Category: Indian Banking Industry

RBI HISTORY – Full Details and Facts Covered

RBI HISTORY The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee. Recommended by Hilton Young Commission(1926). Established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office was initially established in Calcutta but was permanently moved to […]

Banking Industry

Bank: Bank is a lawful organisation which accepts deposits, also grant loans to the individual. Function of Bank:  Encouraged Saving habit Provides Loans Business transaction facilitate through cheque. Enhances standard of people(by providing loan for car and house). Import/Export Business through transaction. History Background: Bank of Hindustan(1770) – First Bank Established in 1770 In Calcutta(Now Kolkata) […]