Commercial Bank Managemnt
Commercial Bank Managemnt
Commercial Bank Managemnt
In every country, banking system is regulated by some authority in terms of laws of that country concerned. In the United States of America, the banking system is regulated by Federal Reserve Board (FRB). In United Kingdom, the banking system is regulated by Bank of England in spite of the fact that the banking is defined by in the United Kingdom. The banking system in India is regulated by Reserve Bank of India (RBI) which is also termed as Central Banking Authority in the country. The RBI regulates the banking system in terms of RBI Act 1934 and Banking Regulation Act 1949.
CENTRAL BANK-RBI
To generate, promote and maintain confidence and trust of the public in banking/financial system. To protect the interest of the investors through adequate and timely disclosure by financial/banking institutions. The investor should also have access to the revenue in formations To ensure that financial markets are both fair and efficient. To ensure that participants must adhere and follows the rules and regulations of the market. In a developing country like ours, the role of the regulator i.e. RBI is very crucial in achieving these objectives.