Download the BYJU'S Exam Prep App for free IAS preparation videos & tests - Download the BYJU'S Exam Prep App for free IAS preparation videos & tests -

What type of body is RBI?

Reserve Bank of India is a statutory body. RBI was established through Reserve Bank of India Act, 1935. RBI is not a constitutional body. Although RBI has considerable institutional independence, it is under the control of the Ministry of Finance, Government of India after it was nationalised in 1949. You can read about the RBI – Know More About Reserve Bank of India in the given link.

Further readings:

  1. Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19
  2. Indian Economy Notes For UPSC

Related Links

SIDBI – Small Industries Development Bank of India & its Functions

Indian Banks’ Association (IBA) – A Brief Overview

Previous Years Economic Mains Questions for UPSC GS-3

Banks Board Bureau For Public Sector Banks – Composition, Functions

List of Different Types of Banks in India

Non Performing Assets (NPA) – Facts for UPSC GS-III

Comments

Leave a Comment

Your Mobile number and Email id will not be published.

*

*