Functions of RBI | Functions of Reserve Bank of India | What are the functions of RBI

The functions of RBI include maintaining monetary stability keeping in mind the objective of growth. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. It was started with a paid up capital of rupees fifty million. The Central Office of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937

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