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RBI commenced operations on April 1, 1935.
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RBI maintains the financial stability of financial institutions in India.
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Notes in the denomination from Rupee 1 to Rupees 1000 are issued by RBI.
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RBI appoints the CEOs of private sector banks.
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RBI has power to amalgamate weaker banks with strong banks.
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Credit Authorisation and Consortium of Finance schemes of RBI are still mandatory for commercial banks in India.
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All scheduled bank branches can handle foreign exchange transactions.
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SLR is lower than CRR.
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CRR is higher than SLR.
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RBI derives its regulating powers for Indian Banking System from the provisions of the Banking Regulation Act 1949.

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