Hello every one, in this video i'am trying to give a brief introduction of Central Bank of India i.e. RBI, i also try to explain major functions and Prohibitory functions of RBI
RBI was established in year 1935 through RBI act 1934, RBI was nationalised in year 1949
As a Central Bank of the country RBI controls all the banking activities in India
One of Major function of RBI is Credit Control, other functions are Note issue, Promoting agricultural credit, Custodian of foreign exchanged reserves, Lender of last Resort, providing license to operate banking business in india etc

There are some prohibitory functions as well like RBI can not provide any direct assistance to any Trade or Industry
It can not purchase its own or other banking companies shares
It can not purchase any immovable property
It can not participate in any trade or business

Hope you all will like the Video
Thanks

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