STRUCTURE & FUNCTIONS OF RESERVE BANK OF INDIA (RBI) PREPARED BY: ANURAG SHARMA
INTRODUCTION RBI is the Central Bank of India also called Bankers' Bank RBI is the apex institutions of country's monetary system and financial RBI is the apex institutions of country's monetary system and financial system It plays a leading role in developing the monetary & credit policy. Design and conduct of the monetary & credit policy are its special responsibility The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934
Continued.... The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. Initially, it was constituted as a private shareholder's bank with a fully paid- up share capital of Rs. 5 Crores Since nationalisation in January 1, 1949 the Reserve Bank is fully owned by the GOI . The executive head of the Bank is called Governor who is assisted by deputy governors (NOT MORE THAN 4) and other officers. It has a central board of directors, supplemented by four (4) local boards at Delhi, Kolkata, Chennai & Mumbai for four regional areas: northern, eastern, Southern & Western respectively.
MAJOR FUCTIONS OF RBI Currency Authority Banker to Governments Banker's Bank & Supervisor Controller of Money Supply & Credit Foreign Exchange Manager Monetary Data & other Publications Promotional Role
RBI as Currency Authority . RBI is the sole authority for the issue of currency notes other than one-rupee notes and coins which are issued by GOI There are two separate department : the Issue Department and the Banking Department The Issue department is responsible for the issue of notes as per demand made by Banking Department of RBl All the currency issued should be backed by assets (gold coin and bullion, foreign securities, Gol rupee securities) of same value The issue of currency into circulation and its withdrawal from circulation take place through Banking Department of RBl
Mint & Press Postal and judicial stamps Indian Security Press, Nasik Paper for currency and other security papers Security Paper Hoshangabad (MP) Bank notes printing Bank Note Press, Devas (MP), Currency Notes Press, Nasik. . Minting of Government Medal Kolkata and Noida Security Printing Press, Hyderabad Modernised Currency Notes Press Mysore, Salboni (W Bengal) Coins are minted at - Mumbai, Kolkata, Hyderabad, Noida
As Banker to Government (Centre as well as States) It transacts all banking business of the government. Govt. keep their cash balance on current account deposit with the rbi. RBI provides short term credit to government The Central Government is empowered to borrow through treasury bills any amount it likes from the RBI, Thus the Centrall Government is the ultimate monetary authority of the country . RBl provides short-term advances to state governments call ways- and-means advances and apart that from its national funds (for development of agriculture)
Thank you... Kindly give your valuable feedback and review Presented By: Anurag Sharma
MBA from HP University Business School. Working as an Asst. Prof. in Rajpur, Palampur HP. Loves reading and teaching, total movie buff.