government securities
State Bank of India (SBI) is the largest nationalized bank in India but it does not perform any role when it comes to Reserve Bank of India (RBI). The RBI is an independent entity that takes policy decisions with respect to Banking in India and SBI along with all other banks in India have to adhere to the guidelines set up by RBI.
to keep liquidity in financial markets
It is in tune with the policy of the government. Even now the role of the RBI has not changed from controller of the entities it regulates. What has changed is the policies of reserve bank of India which are based on terms of liberalisation proposed by the government,
rbi
I dont know whether its approved by RBI but its a genuine company giving hanfull returns from the last two yeras.
RBI looks only into Forex...no the legality of company... But from few reports, RBI is checking Speak Asia's bank accounts...to see if they have not broken any rule as per FEMA.
government securities
State Bank of India (SBI) is the largest nationalized bank in India but it does not perform any role when it comes to Reserve Bank of India (RBI). The RBI is an independent entity that takes policy decisions with respect to Banking in India and SBI along with all other banks in India have to adhere to the guidelines set up by RBI.
to keep liquidity in financial markets
Forex market is no way different from stock market in terms of impact on economy of that magnitude.
It is in tune with the policy of the government. Even now the role of the RBI has not changed from controller of the entities it regulates. What has changed is the policies of reserve bank of India which are based on terms of liberalisation proposed by the government,
Mscs/cr/526/2012
Sir Osborne smith was the first RBI governor but the first Indian rbi governor was C.D.Deshmukh who was the third rbi governor
Banks play a vital role to keep the flow of money in the economy in a controlled manner following the guidelines of RBI.
the RBI is situated in New Delhi
"The Managed Forex has to do with trading.