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

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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

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

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