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Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
Reserve Bank of India-B.V.Raghunandan
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Reserve Bank of India-B.V.Raghunandan

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formation, management and functions of Reserve Bank of India

formation, management and functions of Reserve Bank of India

Published in: Economy & Finance
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  • 1. Reserve Bank of India Introduction, Formation, & Management
  • 2. Traditional Functions
    • Issue of Bank Notes
    • Banker to the Government
    • Bankers' Bank
    • Monetary Regulation
    • Custodian Foreign Exchange
  • 3. Issue of Notes
    • Minimum Reserve System
    • Issue Department has 14 offices
    • In addition, Currency Chest maintained by SBI, its Associates, or PS Banks
  • 4. Banker to The Government
    • Maintaining Accounts
    • Receiving the Revenue of the governments
    • Making Payments of the governments
    • Providing Remittance Facilities
    • Issuing Treasury Bills
    • Providing Ways & Means Finance
    • Advisor to the Government
    • Representing the Government
  • 5. Bankers’ Bank
    • Ensuring Liquidity of Banks
    • Clearing House & Remittance Facilities
    • Real Time Gross Settlement: Introduced in 2004, it is the beginning of a clearing system at the national level
    • Lender of Last Resort
    • Negotiated Dealing System: Introduced in Aug 1, 2005 for SGL A/c holders, it is an anonymous order matching system for government securities
  • 6. Power Over the Banks
    • Licensing to carry on banking
    • Licensing for branch expansion
    • Approval of liquidity, capital adequacy and reserves
    • Inspection of banks
    • Appointment of chairmen with the approval
    • Mergers & Acquisitions of banks
    • Compulsory liquidation of banks
  • 7. Monetary Regulation
    • Quantitative Credit Control
    • -Bank Rate
    • -open market operation
    • -variable cash reserve ratio
    • Selective Credit Control
    • -rationing of credit
    • -margin requirement
    • -period allowed for repayment
    • -moral suasion
  • 8. Custodian of Foreign Exchange Reserve
    • Obligation to buy & sell currencies of members of IMF
    • Receiving export revenue and other receipts from foreign countries
    • Routing all payments outside
    • Determining exchange rates
    • Market intervention
  • 9. Promotional Functions of RBI
    • Publication of Data
    • Deposit Insurance Corporation
    • Unit Trust of India
    • Bill Market Schemes,1952 & 1971
    • Banking Ombudsmen Scheme, 1995-15 cities
    • IDRBT in 1995
    • Indian Financial Network (INFINET) in 1999
    • National Financial Switch-ATM sharing by banks
  • 10. Role of RBI in Agricultural Finance
    • Establishment of Agricultural Credit Department in 1935
    • Development of Co-operative Movement
    • Funding LDBs
    • Setting up ARDC in 1963
    • Encouragement of RRBs
    • Establishing NABARD in 1982
  • 11. Role of RBI in Industrial Development
    • Establishment of Term Lending Institutions
    • Credit Guarantee Schemes- Discontinued in 1981
    • Credit Guarantee Corporation of India Limited in 1971- Taken over by Deposit Insurance Corporation in 1978
    • Small Loans Guarantee Scheme in 1981
  • 12. THANK YOU

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