What is/are the main functions of RBI?
(i). Notes Issuance.
(ii). Government's Bankar.
(iii). Banker's Bank.
(iv). Bank's Supervision.
Reserve Bank of India (RBI) is the supreme banking authority of India. All the public & private sector banks or any financial institution in India are controlled by RBI.
RBI is responsible for issuing, exchanging or destroying of currency.
RBI acts as a merchant banker for the Central and State Government. RBI maintains all the banking accounts of the scheduled banks.
RBI operate all the financial and banking operations in India.
Know more : Indian Banking System