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BY- ABHISHEK PRATAP SINGH
PGDM-2nd SEMESTER
Introduction :-
A banker or bank is a financial institution
whose primary activity is to act as a
payment agent for customers and to
borrow and lend money.
An institution where one place and borrow
money and take care of financial affairs;
A branch office of such an institution.
The first modern bank was founded in Italy
in Genoa in 1406.
Cont……
RBI has sole right to issue one Rupees Notes and small
coins in country as agent of government.
RBI has separate issue department to issue currency note.
RBI maintain minimum reserve in Gold and Foreign
Exchange reserve of which almost 55% should be Gold.
Main Function (Act 1934)
Banker to Government.