Scribd Logo
Upload

Welcome to Scribd!

  • 28 views

    Presentation 40

    Uploaded by

    Vishaka V Kumar
    The Reserve Bank of India (RBI) is the central bank of India established in 1935. It is headquartered in Mumbai and its current governor is D. Subbarao. RBI has 22 regional offices located primarily in state capitals. As the central bank, RBI conducts consolidated supervision of India's financial sector including commercial banks, financial institutions, and non-banking finance firms. Its key objectives as defined in the RBI Act of 1934 are to govern India's currency and credit system, maintain monetary stability, regulate the issuance of bank notes, and promote the country's economic growth while remaining politically independent. RBI's core functions include monetary policy management, acting as a bank to the central and state

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Presentation 40

    Uploaded by

    Vishaka V Kumar
    28 views6 pages
    The Reserve Bank of India (RBI) is the central bank of India established in 1935. It is headquartered in Mumbai and its current governor is D. Subbarao. RBI has 22 regional offices located primarily in state capitals. As the central bank, RBI conducts consolidated supervision of India's financial sector including commercial banks, financial institutions, and non-banking finance firms. Its key objectives as defined in the RBI Act of 1934 are to govern India's currency and credit system, maintain monetary stability, regulate the issuance of bank notes, and promote the country's economic growth while remaining politically independent. RBI's core functions include monetary policy management, acting as a bank to the central and state

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The Reserve Bank of India (RBI) is the central bank of India established in 1935. It is headquartered in Mumbai and its current governor is D. Subbarao. RBI has 22 regional offices located primarily in state capitals. As the central bank, RBI conducts consolidated supervision of India's financial sector including commercial banks, financial institutions, and non-banking finance firms. Its key objectives as defined in the RBI Act of 1934 are to govern India's currency and credit system, maintain monetary stability, regulate the issuance of bank notes, and promote the country's economic growth while remaining politically independent. RBI's core functions include monetary policy management, acting as a bank to the central and state

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    28 views6 pages

    Presentation 40

    Uploaded by

    Vishaka V Kumar
    The Reserve Bank of India (RBI) is the central bank of India established in 1935. It is headquartered in Mumbai and its current governor is D. Subbarao. RBI has 22 regional offices located primarily in state capitals. As the central bank, RBI conducts consolidated supervision of India's financial sector including commercial banks, financial institutions, and non-banking finance firms. Its key objectives as defined in the RBI Act of 1934 are to govern India's currency and credit system, maintain monetary stability, regulate the issuance of bank notes, and promote the country's economic growth while remaining politically independent. RBI's core functions include monetary policy management, acting as a bank to the central and state

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    INDIAN FINANCIAL SYSTEM

    TOPIC: Reserve Bank of India (RBI)

    PRESENTED BY: VISHAKA V KUMAR


    CMS21BB0083
    INTRODUCTION
    • RBI is the Central Bank of India
    established in "1st April 1935" under
    the RESERVE BANK OF INDIA ACT.
    • Its head quarter is
    in Mumbai (Maharashtra).
    Its present governor is "MR. D
    Subbarao.
    • It has "22 REGIONAL OFFICES", most of
    them is state capitals.
    • The main purpose of the RBI is to
    conduct consolidated supervision of
    the financial sector in India, which is
    made up of commercial banks,
    financial institutions, and non-
    banking finance firms.
    OBJECTIVES
    As per the RBI Act 1934, the objective of RBI are as follows:
    ➢To run the nation’s currency and credit system.
    ➢To maintain reserves for securing monetary stability in India.
    ➢To govern the issue of bank notes.
    ➢To maintain financial stability or credit by engaging in effective activities and
    keeping itself free from any political impact.
    ➢To perform central banking functions by acting as Banker’s bank, Banker to
    government, and note-issuing authority.
    ➢To promote economic growth and support planned advancement of the
    economy of the country.
    ROLE AND FUNCTIONS
    The basic functions of the RBI are the issuance of currency, sustaining monetary
    stability in India, operating the currency, and maintaining the country's credit
    system.
    The RBI performs the following function:
    ➢ Monetary Management: One of the most important functions of RBI is the
    formulation and execution of Monetary Policy and securing monetary stability in
    India It functions the currency and credit system to its advantage.
    ➢ Bankers to Central and State Government: It acts as a banker to the
    government. RBI is the responsible agency for receiving and paying money on
    behalf of the various government departments. RBI is also authorized to appoint
    other banks to act as its agent and undertake banking business on the behalf of
    the government.
    ➢ Banker to Bank: RBI is a common banker for the different banks that enables
    the settlement of interbank transfers of funds. For special purposes or in need,
    RBI provides short-term loans and advances to banks.
    ➢ Issuer of Currency: The RBI and the government are in charge of the creation,
    manufacturing, and overall administration of the national currency with the
    aim of releasing a sufficient quantity of authentic and clean notes.
    ➢ Regulation of Banking and Non-Banking Financial Institution: RBI functions
    to protect the Interest of depositors through an effective regulatory
    framework. Keeping a keen eye over the conduct of banking operations and
    solvency of the banks along with maintaining the overall financial stability
    through various policy measures. These powers of RBI come from RBI Act 1934
    and Banking Regulation Act 1949.
    THANK YOU

    You might also like