BANKING AFFAIRS

Detailed explanation-1: -Central Bank of India: The government currently holds 93.08 percent stake in the Central Bank of India.

Detailed explanation-2: -Shares were required to be listed within 3 years from the date of commencement of business.

Detailed explanation-3: -Influencing interest rates, printing money, and setting bank reserve requirements are all tools central banks use to control the money supply. Other tactics central banks use include open market operations and quantitative easing, which involve selling or buying up government bonds and securities.

Detailed explanation-4: -Role of RBI It plays multi-facet role by executing multiple functions such as overseeing monetary policy, issuing currency, managing foreign exchange, working as a bank of government and as banker of scheduled commercial banks, among others. It also works for overall economic growth of the country.