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The RBI was nationalized with the passing of the Reserve Bank of India (transfer to public ownership) Act in 1948. in terms of the Act, the entire share were transferred to the central Government on payment of compensation to the shareholders @ Rs. 118 and 62 paisa per share of Rs. 100. Thus since January 1, 1949, the the reserve bank of India is functioning as a state owned and state controlled(nationalized) bank. The nationalization of the RBI was also justified by passing of the Banking Regulation Act, 1949 conferring on the vast power central bank to control the activities of the commercial banks.
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Why can't I see RBI in this list of nationalised companies ? http://en.wikipedia.org/wiki/Category:Companies_nationalised_by_the_Government_of_India
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Why can't I see RBI in this list of nationalised companies ? http://en.wikipedia.org/wiki/Category:Companies_nationalised_by_the_Government_of_India
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please send the agarwal apptitute book to ambi16386@gmail.com Mailid
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Hi
thanks for sharing this link.
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Can anybody suggest some name of books regarding bank system and finance ?
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RBI is not a commercial bank. it is regulatory authority it is a special case.
