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    By - Prof.Renuka Morani

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    Nikita Daki
    The document discusses the Reserve Bank of India (RBI), which is the central bank of India. It describes the RBI's role as a banker, monetary authority, and regulator of the country's financial system. The RBI was established in 1935 to manage monetary policy and credit systems. It oversees functions like issuing currency, managing foreign exchange, overseeing banks, and more. The RBI aims to promote economic growth and stability in India through its diverse roles and responsibilities.

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    By - Prof.Renuka Morani

    Uploaded by

    Nikita Daki
    37 views17 pages
    The document discusses the Reserve Bank of India (RBI), which is the central bank of India. It describes the RBI's role as a banker, monetary authority, and regulator of the country's financial system. The RBI was established in 1935 to manage monetary policy and credit systems. It oversees functions like issuing currency, managing foreign exchange, overseeing banks, and more. The RBI aims to promote economic growth and stability in India through its diverse roles and responsibilities.

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    The document discusses the Reserve Bank of India (RBI), which is the central bank of India. It describes the RBI's role as a banker, monetary authority, and regulator of the country's financial system. The RBI was established in 1935 to manage monetary policy and credit systems. It oversees functions like issuing currency, managing foreign exchange, overseeing banks, and more. The RBI aims to promote economic growth and stability in India through its diverse roles and responsibilities.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    37 views17 pages

    By - Prof.Renuka Morani

    Uploaded by

    Nikita Daki
    The document discusses the Reserve Bank of India (RBI), which is the central bank of India. It describes the RBI's role as a banker, monetary authority, and regulator of the country's financial system. The RBI was established in 1935 to manage monetary policy and credit systems. It oversees functions like issuing currency, managing foreign exchange, overseeing banks, and more. The RBI aims to promote economic growth and stability in India through its diverse roles and responsibilities.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 17

    By.Prof.

    Renuka Morani
    Central Bank
    “It is a bank of banker”
    -- Samuelson

    “Bank which has monopoly over note issue”


    -- Vera Smith

    “Central bank is the government’s bank”


    -- Sayers
    Structure of Banking in
    India
    Reserve Bank

    Commercial Bank Co-operative Bank

    -Public Sector Bank -State Co-op


    bank
    -Private Sector -Central Co-op
    bank Bank
    -Regional Rural Bank -Primary Co-op
    Soc
    Organizational Structure
    Governor

    Deputy Governor

    Executive Directors

    Principal Chief General Manager

    Chief General Managers

    General Managers

    Deputy General Managers

    Asstt. General Managers

    Managers

    Asstt Managers

    Support staff
    PREAMBLE

     The preamble of the Reserve Bank of India describe the basic functions
    of the Reserve Bank as

    “…to regulate the issue of Bank Notes and keeping of reserve with
    a view to securing monetary stability in India and generally to operate
    the currency and credit system of the country to its advantage”
    BRIEF HISTORY
     It was set up on the recommendations of the HILTON
    YOUNG COMMISSION
     It was started as Share-Holders Bank with a paid up capital of
    5 Crs
     It was established on 1st of April 1935
     Initially it was located in Kolkata
     It moved to Mumbai in the year 1937
     Initially it was privately owned
     It was the 1st bank to be Nationalized in 1949
     It has 22 regional offices, most of them in state capitals
    BRIEF HISTORY
     Since nationalization in 1949, the Reserve Bank is fully owned by
    the Government of India
     Its First governor was Sir Osborne A.Smith(1st April 1935 to 30th
    June 1937)
     The First Indian Governor was “Sir Chintaman D.Deshmukh”(11th
    August 1943 to 30th June 1949)
     On 27th June 2006, the Union Government of India reconstituted the
    Central Board of Directors of the Reserve Bank of India(RBI) with
    13 Members, including Azim Premji and Kumar Mangalam Birla
    GOVERNORS ()

    Sir Osborne A. Smith


    April 1, 1935 to June 30, 1937

    Sir James Braid Taylor


    July 1, 1937 to February
    17,1943

    Sir Chintaman D.Deshmukh


    August 11, 1943 to June 30, 1949
    GOVERNORS (2 of 2)

    Dr. Bimal Jalan


    November 22, 1997 to September 5,
    2003

    Dr.Y.V.Reddy
    September 6, 2003 to September 5,
    2008

    Dr. D. Subbarao
    September 5, 2008 onwards
    THE KEY ROLES OF THE RBI
    ARE…
     Regulator and supervisor of the financial system

     Manager of Exchange control

     Issuer of currency

     Banker to the Government

     Bank to banks: maintains banking accounts of the scheduled


    banks
    Monetary Authority
     Formulates, implements and monitors the monetary policy
     Objective: maintaining price stability and ensuring adequate flow of
    credit to productive sectors

    Regulator and supervisor of the financial system:


     Prescribes broad parameters of banking operations within which the
    country's banking and financial system functions
     Objective: maintain public confidence in the system, protect depositors
    interest and provide cost-effective banking services to the public

    Manager of Foreign Exchange


     Manages the Foreign Exchange Management Act, 1999.
     Objective: to facilitate external trade and payment and promote
    orderly
    development and maintenance of foreign exchange market in India
    Issuer of Currency
     Issues and exchanges or destroys currency and coins not fit for
    circulation
     Objective: to give the public adequate quantity of supplies of
    currency notes and coins and in good quality

    Developmental Role
     Performs a wide range of promotional functions to support
    national objectives

    Related Functions
     Banker to the Government: performs merchant banking
    function for the central and the state governments; also acts as
    their banker
     Banker to banks: maintains banking accounts of all scheduled
    banks
    OBJECTIVE AND REASONS FOR
    ESTABLISHMENT OF RBI
    The main objectives for establishment of RBI as the central bank of
    India were as follows :
     To manage the Monetary and credit system of the country
     To stabilize internal and external value of rupee
     For balanced and systematic development of banking in the country
     For the development of organized money market in the country
     For proper arrangement of agriculture finance
     For proper arrangement of industrial finance
     For proper management of public debt
     To establish monetary relations with other countries of the world
    and international financial institutions
     For centralization of cash reserves of commercial banks
     To maintain balance between demand and supply of currency
    SUBSIDIARIES..!
    Fully owned
     National Housing bank (NHB)
     Deposit Insurance and Credit Guarantee Corporation of
    India (DICGC)
     Bharatiya Reserve Bank Note Mudran Private Limited
    (BRBNMPL)

    Major stakes
     National Bank
     For Agriculture and Rural Development (N ABARD)
     The reserve Bank of India has recently divested stake in State Bank
    of India to the government of India
    Related Functions
     RBI also regulates the opening / installation of ATM
     RBI regulates the opening of branches by banks
     It ensures that all the N.B.F.C follow the KYC Guidelines
     Fresh currency notes for ATM are supplied by RBI
     Banker to the Government: Performs all banking function for
    the central and state governments and also act as their banker
     The reserve bank of India also regulates the trade of gold.
    Currently 17 banks are involved in the trade of gold in India RBI
    has invited applications from more banks for direct import of gold
    to curb illegal trade in gold and increase competition in the market
     It issues guidelines and directions for the commercial banks
    Conclusion
     Central bank plays important role in achieving economic growth
    of a developing country
     It promotes economic growth with stability
     It helps in attaining full employment balance of
    payment disequilibrium and in stabilizing exchange rate
     RBI is an autonomous body promoted by the government of
    India and is headquartered at Mumbai
     RBI is an autonomous body promoted by the government of
    India and is headquartered at Mumbai treasury foreign exchange
    movements and is also the primary regulator for banking and
    non- banking financial institutions
     The RBI operates a number of government mints that
    produce currency and coins
    THANK
    YOU

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