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Reserve Bank of Indian [RBI] was established on 1st April, 1935.
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What is the role of SBI in RBI?
State Bank of India (SBI) is the largest nationalized bank in India but it does not perform any role when it comes to Reserve Bank of India (RBI). The RBI is an independent entity that takes policy decisions with respect to Banking in India and SBI along with all other banks in India have to adhere to the guidelines set up by RBI.
What were records set by the Red Sox?
home runs, RBI, and overall hits
An order for winding up a banking company can be issued by?
The RBI
What are transactions that bank has to inform to RBI?
RBI has a set of guidelines that member banks have to follow in order to prevent illegal activities like money laundering, terrorist financing, tax evasion etc. if an individual has numerous small number transactions totaling up to large amounts or individual transactions over Rs. 50,000/- the banks have to inform RBI. These number limits are altered by RBI on a regular basis to ensure that malicious elements do not use this information to beat the system. Any suspicious or abnormal activity in your bank account too gets reported to RBI. For ex: If your monthly salary deposit is Rs. 50,000/- and suddenly a 5 lakh deposit gets made into your account, it will probably be reported to the RBI
Why rbi set Mumbai as its head office?
Because Mumbai is the financial capital of India thats why it is situated in Mumbai.
Who was the Rbi's first governor?
Sir Osborne smith was the first RBI governor but the first Indian rbi governor was C.D.Deshmukh who was the third rbi governor
Who decides the saving account interest rate in banks in India?
Primarily RBI holds the power in deciding the interest rates along with other banks which are associated with this regulatory body. Up until late 2011, RBI Decided the Interest rates that banks offered on Savings Account. However, recently the RBI Deregulated this policy and gave banks the freedom to set their own interest rates on savings accounts provided they gave a minimum of 4% on them
WHERE IS RBI SITUATED?
the RBI is situated in New Delhi
Is it 7 RBI or 7 RBI's?
Formally, since RBI stands for "runs batted in" it should be "seven RBI". However, in virtually universal usage, RBI is treated as a singular noun and therefore seven of them would be "seven RBIs".
How does RBI work?
An RBI works like this, if a batter hit the ball, no matter in what situation ( besides getting out with 2 outs) and if they get out or not but they get a run in, it is an RBI. An RBI stands for runs batted in.
Can you get a rbi when batter is safe by a fielding error?
if the out would be the third no, it is up to the descrestion of the scorekeeper for example, if there was a runner on third with one out and you bunted the and the third baseman overthrew first, then it would be an rbi, but if the second baseman missed the throw to the first baseman with two outs, then there would be no rbi
Who can Apply to Set Up Private ATMs in India?
Any non-banking entity that wants to set up these ATMs must have a minimum net worth of Rs. 100 crores at the time of application. Also, they must maintain their net worth throughout their operation. This is one of the pre-requisites to receive the approval from RBI.
