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What is the full form of RBI ?

RBI – Reserve Bank of India

RBI is the central bank of the country India It was established in April 1935 with a share capital of Rs. 5 crores and was nationalized in the year 1949. The Reserve Bank of India is the controller of credit.

        The Bank was constituted to act as Government banker, agent and adviser and to regulate the issue of banknotes.

 

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