> ** You Should Know All of Them ** 1. RBI is the Central bank of India 2. RBI was setup on the recommendations of Royal Commission on Indian Currency and Finance also known as the Hilton- Young Commission. 3. RBI has 4 regional offices at Mumbai, Kolkatta, Chennai and Delhi. 4. The head office of RBI is located at Mumbai. 5. Currency notes other than one rupee notes are issued by RBI. 6. Scheduled commercial banks are included in the second schedule to the RBI act 1934. 7. Schedule commercial banks are- SBI and its associates, Nationalized banks, private sector banks, regional rural banks, urban cooperative banks, state cooperative banks. 8. 14 banks were nationalized on 19 July 1969. 9. Regional rural banks were established on 2.10.1975 10. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC(Deposit Insurance and Credit Guarantee Corporation of India Limited).
Posted on: Thu, 11 Dec 2014 01:28:44 +0000
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