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Banks are financial institutions that can make or break an economy. Unsupervised and uncontrolled behavior from banks can spell doom to the economy and for the customers as well. Hence central banks like the Reserve Bank in India or the Federal Reserve in USA monitor the functioning of all banks in their jurisdiction and ensure that they function in a just fashion and customers stand to benefit at all times.

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13y ago
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13y ago

Banks are financial institutions that can make or break an economy. Unsupervised and uncontrolled behavior from banks can spell doom to the economy and for the customers as well. Hence central banks like the Reserve Bank in India or the Federal Reserve in USA monitor the functioning of all banks in their jurisdiction and ensure that they function in a just fashion and customers stand to benefit at all times.

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13y ago

RBI does not have any chairman or Director. They only have a Governor. The present Governor of Reserve bank of India is Duvvuri Subbarao. Some of the previous governors of RBI in reverse order are:

  1. Y Venugopal
  2. Bimal Jalan
  3. C Rangarajan
  4. S Venkitramanan
  5. R N Malhotra
  6. A Ghosh
  7. Manmohan Singh
  8. I G Patel
  9. M Narasimham
  10. K R Puri
  11. N C Sen Gupta
  12. S Jagannathan
  13. B N Adarkar
  14. L K Jha
  15. P C Bhattacharya
  16. H V R Iyengar
  17. K G Ambegaonkar
  18. Sir Benegal Rama Rau
  19. Sir C D Deskmukh
  20. Sir James Taylor
  21. Sir Osborne Smith (The first governor)

Banks are financial institutions that can make or break an economy. Unsupervised and uncontrolled behavior from banks can spell doom to the economy and for the customers as well. Hence central banks like the Reserve Bank in India or the Federal Reserve in USA monitor the functioning of all banks in their jurisdiction and ensure that they function in a just fashion and customers stand to benefit at all times.

Each country has a central bank that supervises the banks that operate in that country.

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Q: Who supervises banks?
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The FDIC - Federal Deposit Insurance Corporation, the U.S. Treasury, federal, state, and local government, the Department of Commerce all have some regulatory responsibilities for banks.


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Who controls the banks in Washington?

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What is the functions of RBI?

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What bank is the central of the US?

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What is the role of rbi to the banker?

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What is the various function of rbi?

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What is the central Bank of America called?

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What is the name of Central bank in US?

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How is federal reserve system affiliated with banks?

Actually the federal reserve system is not affiliated with any banks. The banks are affiliated to the federal reserve. The Federal Reserve is the central bank of the United States of America and it supervises/oversees the banking operations of all banks in USA. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds)


What is the role of the reserve bank of India in international trade?

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