Paper Title
A Critical Analysis on Function & Role of Reserve Bank of India and Its Impact on Economic development of India
Article Identifiers
Authors
HEMANT MANWANI
Keywords
RBI, Organization and Management, Functions & Role, and Its Impact on Economic Development of India.
Abstract
The Reserve Bank of India is the Central bank of India. It was established on 1 April 1935 under a special act of the parliament, “The Reserve Bank of India Act 1934”. in the beginning, the headquarters of RBI was established in Calcutta. However, soon after, in 1937. it was permanently shifted to Mumbai. As of October 2021, the Governor of the Reserve Bank of India is Mr. Shaktikanta Das. He is the 25th RBI Governor. It is responsible for determining the country’s monetary policy. Reserve Bank of India is the Regulator of India’s Banking System and therefore is the most prominent bank in our country. it is also the central bank and plays a crucial role in the Indian Economy. Reserve Bank of India is playing Important and Vital Role in Economic Development of India. The RBI handles many functions, including implementing monetary policy and issuing currency. India has reported some of the best gross domestic product (GDP) growth rates in the world. We are going to study on functions and role of Reserve Bank of India and Its Impact on Economic Development of India.
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How To Cite (APA)
HEMANT MANWANI (April-2022). A Critical Analysis on Function & Role of Reserve Bank of India and Its Impact on Economic development of India. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(4), 678-682. https://ijnrd.org/papers/IJNRD2204080.pdf
Issue
Volume 7 Issue 4, April-2022
Pages : 678-682
Other Publication Details
Paper Reg. ID: IJNRD_181006
Published Paper Id: IJNRD2204080
Downloads: 000121996
Research Area: Commerce
Country: Ajmer , Rajasthan, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2204080.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2204080
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