RBI Powers & Functions | Bank of Baroda | Reserve Bank Bans Banks | UPSC GS3 Economy

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In this video, we delve into the extensive powers and functions of the Reserve Bank of India (RBI) with a specific focus on the recent action involving the Bank of Baroda. Explore the implications and reasons behind RBI's decision to ban banks from certain activities, and understand how it impacts the Indian economy. This discussion is essential for UPSC GS3 Economy preparation, providing insights into the regulatory framework governing India's banking sector.
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New currency does not happen via gold reserve but it done via government bond

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[@devashishekka2113]

Well technically in Minimum Reserve System 115crore worth of Gold is kept as reserve out of the 200 crores.

[@Mantra-cq9fc]

As a senior a Canadian citizen of Indian origin who lost her husband few months ago desperately need help from RBI because Bank of Baroda staff are making me run from Pillar to post to withdraw my amount which matured recently. If some one could reach out or answer my comment I would be ever grateful to you. Their instructions keep changing.

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