Reserve Bank of India is the Bank Controller, the Big Daddy of all banks in India.
Its job is to issue policies, control and monitor the functioning of the banks as well as keep an eye on the liquidity as well as inflation aspects of the economy.
The State Bank of India, on the other hand, is the largest bank in India, with thousands of branches in India and abroad. The Government of India is the largest stakeholder in this bank, and it is one of the top banks in Asia. It's a regular bank like any other.
Reserve Bank of India regulates all banks in India including the state bank of india, All transactions through indian banks are regulated using IFSC CODE
Ifsc codes http://bank-ifsc-code.biz
by Wesman Todd Shaw6 years ago
It's all so simple, really, and a wicked man stated long, long ago that it never mattered who a king was - so long as he controlled the currency - he was lord and master.http://auditthefedphonebomb.com/bailout …...
by Eric L. Andrews5 years ago
I don't know and given it controls our economy and banking system I would welcome some insight.
by tonybeck6 years ago
Why is the Federal Reserve allowed pretend to be part of our government? It's a private bank!The world bankers have used the Federal Reserve to facilitate the downfall of the U.S. I like the analogy that...
by D.Juris Stetser5 years ago
Where does 'The Fed" ( the Federal Reserve Bank), get its power from?
by AngelTrader6 years ago
Why do Americans put up with the lie that is the Federal Reserve Bank?The Federal Reserve is a private bank, why do you allow it to dictate the state of your economy? Don't you realise they create all this turmoil...
by awesome777 years ago
Yes, it would come as shock to the un-informed that the govt does not own the FEDERAL RESERVE BANKThe FEDERAL RESERVE BANK is a private company that allows the president to appoint 7 members (usually pushed by bankers)...
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