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CURRENT AFFAIRS (NEWS RELATED 05 SEPTEMBER 2018) www.rbi.org.in Reserve Bank of India has introduced Internal Ombudsman Scheme, 2018 for Scheduled Commercial Banks. Summit/ Meeting External Affairs
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The Reserve Bank of India (RBI) is the central banking institution of India, which controls the monetary policy of the Indian rupee and regulates the country's financial system.
Entities such as banks, financial institutions, and other regulated entities in India are required to file various reports and returns with the Reserve Bank of India.
To fill out forms required by the Reserve Bank of India, entities must provide details as specified in the respective form, ensuring all information is accurate and submitted by the stipulated deadline.
The purpose of the Reserve Bank of India is to regulate the issue and supply of the Indian rupee, maintain monetary stability, and supervise the country's financial system.
Information such as financial statements, compliance with regulations, and various economic indicators must be reported to the Reserve Bank of India as per their requirements.
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