[Video] Often Wondered What RBI Exactly Does? This Video Explains In Just 5 Minutes

From our friends at

August 21st, 2018 / 1:23 PM

RBI Role

Image Credits: Hindustan Times

The Reserve Bank of India (RBI) is India’s central bank. Also known as the banker’s bank, RBI was established in 1935 under the Reserve Bank of India Act of 1934. Initially privately owned, RBI was nationalised after Independence and is now fully owned by the Indian Government.

Although, we understand that RBI plays a crucial role in the Indian economy, do we really know what it exactly does? Our friends at Factly have explained it beautifully in this short 5-minute video.

Published with the permission from Factly

Also Read: RBI Hikes Repo Rate By 25 Basis Points; Know How It Affects You

Share your thoughts..

Often Wondered What RBI Exactly Does? This Video Explains In Just 5 Minutes"]

Related Stories

Viral Acharya

Govt Plays T20 While RBI Plays Test Match: RBI Deputy Governor’s Speech Raises Questions On Autonomy

Have You Ever Wondered How To Reduce Or Reuse The Waste You Produce ? This Woman’s Film Will Help You How To

What Exactly Is The Paris Agreement? Know All About It

Note Exchange Deadline

Despite Promises, RBI & Govt Backtrack On Exchanging Of Old Notes At RBI Offices

Coldplay Global Citizen Festival

While India Is Going Gaga Over Coldplay’s Global Citizen Festival, What Exactly Is “The Global Citizen”?

When Students Become Bully: 16-Year-Old Muzaffarpur KV Boy Was Often Tortured & Spitted On Face

Latest on The Logical Indian


CIC Slams PMO And RBI, Asks To Disclose Wilful Defaulters List And Raghuram Rajan’s Letter On Bad Loans


J&K: Authorities Allegedly Deny Ambulance To Ailing 2-Yr-Old, Father Carries Dead Body In Bus


Govt Says No To Additional Funding To Six New IIMs, Wants Them To Be Self Sufficient


After Maharashtra Cabinet Approves Maratha Reservation, Shiv Sena Demands Shivaji Statue

My Story

My Story: “I Saw His Hand On Her Thigh & He Grinned At Me For This Achievement”


Brain-Dead Jawan’s Heart Saves Another Army Man After Family Donates Organs


Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.