RBI Web series: This web series on RBI will be about 3 hours long and the duration of one episode is proposed to be 25-30 minutes, it will be broadcast on TV channel or OTT platform.
RBI Web series: Reserve Bank of India (RBI), which is called the boss of banks in the country, is planning to bring a web series on its functioning and 90 years of journey. This web series will be of five episodes. On the occasion of completion of 90 years of RBI, bids have been sought through e-tender for the production and distribution of the web series. According to the official document of e-tender, the web series will be about 3 hours long and it is proposed to keep the duration of one episode 25-30 minutes. It will be broadcast on TV channel or OTT platform.
What will be special in RBI’s web series
RBI has completed 90 years of its establishment in April this year. RBI said that in this series of 5 episodes, people’s understanding about the important role of the central bank in the country’s economy will be increased so that RBI’s engagement with the public can be promoted. In this web series, both the vision and mission of RBI will be told.
When and how was RBI established
The Reserve Bank of India is the central bank of the country which is the banking regulator. It makes rules for the operation of all banks and monitors them. RBI itself sets the interest rates. The Reserve Bank of India was established during the British era. Based on the recommendations of the Hilton Young Commission, the Reserve Bank was formed to control the country’s currency and credit. It was established under the Reserve Bank of India Act, 1934. RBI started working on April 1, 1935.
Main functions of RBI
Right to print notes: RBI has the monopoly to print notes. RBI issues all types of notes except one rupee note (issued only by the Finance Ministry).
Making rules for banks: RBI makes rules for the Government of India and the banks of the country, as well as determines the interest rates.
Control of Forex Reserves: RBI is the custodian of the country’s foreign exchange reserves. It buys and sells foreign currencies with the aim of keeping the country’s foreign exchange rate stable.
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