RBI: CARVING A NEW ROLE AS THE CENTRAL BANK

Amitabh Tewary and Dhananjay Bhardwaj

Paradigm, 1997, vol. 1, issue 1, 148-153

Abstract: Among the many legacies of the British Raj, a few have endured the winds of change on account of an inbuilt element of indispensability and have, therefore, retained their relevance with their compositions in corporating the required corrections from time to time. One such prominent edifice is the Reserve Bank of India (hereafter referred to as RBI) which since its inception in 1935 through an act of then Indian Legislative assembly has grown from strength to strength, from being a shareholder's bank, modelled on the lines of the Bank of England, to being a watchdog of Indian Banking sector and financial sector reforms of the '90s it has seen and survived a lot.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:sae:padigm:v:1:y:1997:i:1:p:148-153

DOI: 10.1177/0971890719970119

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