Reserve bank of india

introduction of RBI, presentation for 5 minutes

1. Reserve bank of India Ehsan Razi KM 2017MBA07

2. Introduction The Reserve Bank of India ( RBI ) is India's central banking institution , which controls the monetary policy of the Indian Rupee . It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934 It has 19 regional offices most of them in state capitals

3. Brief History The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission The commission submitted its report in the year 1926, though the bank was not set up for another nine years. It was started as share holders bank as paid up capital of 5 crore Initially it was located in Kolkata It moved to Mumbai in 1937 Initially it was privately owned Since Nationalization in 1949, RBI is fully owned by Govt of India

4. Organization Structure of RBI

5. The central board of directors is the main committee of the central bank . The Government of India appoints the directors for a four-year term . The Board consists of a governor , and not more than four deputy governors ; four directors to represent the regional boards ; The bank is headed by the governor and the post is currently held by economist Urjit Patel . H ere are four deputy governors B P Kanungo ,, N S Vishwanathan and Viral Acharya, Mahesh Kumar Jain. Two of the four deputy governors are traditionally from RBI ranks and are selected from the Bank's Executive Directors . One is nominated from among the Chairpersons of public sector banks and the other is an economist

6. The RBI has four zonal offices at Chennai, Delhi, Kolkata and Mumbai. It has 19 regional offices and 11 sub-offices throughout India. Regional offices are located in Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kochi, Kolkata, Dewas , Lucknow, Mumbai, Nagpur, Patna, Dehradun and Thiruvananthapuram. Sub-offices are located in Agartala , Aizawal , Dehradun, Gangtok , Imphal , Panaji, Raipur, Ranchi, Shillong , Shimla and Srinagar

7. Basic functions of RBI T o regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India To operate the currency and credit system of the country T o have a modern monetary policy framework to meet the challenge of an increasingly complex economy T o maintain price stability while keeping in mind the objective of growth .