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Structure And Functions Of RBI: Detailed Outline (for UPSC CSE)
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This lesson deals with the basics of structure and functions of RBI (Reserve Bank of India). One will come across facts such as ​when and where was it established. Then one will also study comprehensively about the functions of Reserve Bank of India and know how it functions as a banker to both State and Central governments.

Anurag Sharma
MBA from HP University Business School. Working as an Asst. Prof. in Rajpur, Palampur HP. Loves reading and teaching, total movie buff.

U
Unacademy user
pree ke bhi kar doo
Divya Gupta
9 months ago
Already 40 Memory based Puzzles ke set me. pre ka krvaya hai aur bhi aage lekr aungi definitely
You are giving wrong information in your lectures. If a student only watches these videos (s)he would make mistakes in the exam. Currencies issued are not backed by assets of same value, this system was done away with a few decades ago. Now we follow Minimum Reserve System, under which RBI has to keep reserves of Rs. 200 crore in gold and foreign exchange, out of which at least Rs. 115 cr has to be in gold. Please don't make videos if you are not clear about basic concepts, it would harm students who are relying only on ur lectures.
Nitin kumar
2 years ago
Yes your right ...
The Reserve Bank can also issue notes in the denominations of one thousand rupees, five thousand rupees and ten thousand rupees, or any other denomination that the Central Government may specify. There cannot, though, be notes in denominations higher than ten thousand rupees in terms of the current provisions of the Reserve Bank of India Act, 1934. Coins can be issued up to the denomination of Rs.1000.
Quite helpful...kindly continue And Sir it would be great if you could make lessons for preparation of RBI and other officer exams
The responsibility for coinage vests with Government of India on the basis of the Coinage Act, 1906 as amended from time to time. The designing and minting of coins in various denominations is also attended to by the Government of India.
Dear @sourav kumar panda these videos will be helpful in IAS preliminary,Bank and other financial institutions exam...
  1. STRUCTURE & FUNCTIONS OF RESERVE BANK OF INDIA (RBI) PREPARED BY: ANURAG SHARMA


  2. 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


  3. 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.


  4. 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


  5. 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


  6. 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


  7. 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)


  8. Thank you... Kindly give your valuable feedback and review Presented By: Anurag Sharma