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 Gary Anderson 8 years ago
Investment banks leverage up casino-like. When they fail, they put in jeopardy the commercial banks and you, Joe taxpayer, have to come to their rescue. Obama wants to stop that by implementing the Volcker Plan. Some say it doesn't go far enough, but at least it is an attempt to keep insured...
by Mathi P 7 years ago
ha ha LOL - are u know ?
by Evan G Rogers 7 years ago
I've been told numerous times that "creating money out of thin air" is a good thing. And when I argued against it, the "conscience of the liberal" told me I was ignorant.Then, when I pointed out that the money went straight into companies that didn't deserve it, they said...
by Sean L 2 years ago
Why do people rob banks when everyone of them today get caught? So they know they can't keep the $.
by Gary Anderson 9 years ago
This guy is or was high up in the Fed. The fed is a PRIVATE bank, despite the lie on their website. The fed is owned by private stock and the US government owns none of that private stock. http://www.frbatlanta.org/publica/eco-r … hriszt.pdf
by ga anderson 4 years ago
Here is what the Federal Reserve describes as its charter:" The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more...
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