Reserve Bank of India

Reserve Bank of India,

Definition of Reserve Bank of India:

  1. The central bank of India, founded in 1935, which maintains the monetary policy of its national currency, the rupee, and the nations currency reserves. It is a member of the Asian Clearing Union. The primary function of this establishment is to regulate the issuing of bank notes to ensure secure monetary stability in India.

Meaning of Reserve Bank of India & Reserve Bank of India Definition