Jai

Bank Rate Rate at which RBI lends to commercial banks. This tool is used by central bank for short-term purposes. Increase in Bank Rate by RBI is indication to banks to increase lending and deposit rates.   Repo Rate Rate at which the RBI lends short-term money to the banks against Read more…

Reserve Bank of India Act, 1934  Reserve Bank of India Established RBI on 01.04.1935 Nationalized on 01.01.1949 Paid up capital – Rs. 5 crore Managed by a Central Board of Directors – (One Governor, 4 Dy. Governors & 15 other Directors) and 4 Local Boards (at 4 metros) 1st Governor – Read more…