What is RBI (Reserve Bank of India)? — Meaning, Definition & Example
Definition
RBI is India's central bank, established in 1935 and headquartered in Mumbai. It manages monetary policy, sets repo rate and CRR, regulates banks and NBFCs, issues currency, and manages foreign exchange reserves. The current RBI Governor is appointed by the Government of India.
When RBI cuts the repo rate by 25 basis points from 6.5% to 6.25%, banks tend to lower their lending rates, making home loans and car loans cheaper.
🇮🇳 RBI (Reserve Bank of India) in Hindi / हिंदी में
RBI (भारतीय रिज़र्व बैंक) — RBI भारत का केंद्रीय बैंक है, 1935 में स्थापित। यह मौद्रिक नीति प्रबंधित करता है, रेपो रेट तय करता है, बैंकों का नियमन करता है, मुद्रा जारी करता है।
RBI (Reserve Bank of India) (Hinglish) — RBI India ka central bank hai, 1935 mein establish hua. Monetary policy manage karta hai, repo rate set karta hai, banks ko regulate karta hai, currency issue karta hai.