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10BM60069_Rabul_Kumar_RBI

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  • 1. Reserve Bank of India
    Rahul Kumar
    10BM60069
  • 2. History
    The origins of the Reserve Bank of India can be traced to 1926, when the Royal Commission on Indian Currency and Finance recommended the creation of a central bank for India to separate the control of currency and credit from the Government.
    The Reserve Bank of India was established under the Reserve Bank of India Act of 1934 and started operations in 1935.
  • 3. Organisation Structure
  • 4. Main Functions
    Monetary Authority
    Banker to Banks
    Issuer of currency
    Developmental role
  • 5. Monetary Policy: Objectives
    Growth with Stability
    Reduction of Poverty and Unemployment
    Enhancement of Income and Consumption
    Reasonable degree of Price stability
    Improved Fiscal Performance
    Financial Stability
    Stability of Domestic Currency
    Impetus for Financial Markets Reforms
  • 6. Monetary Policy: Instruments
    Quantitative Controls
    CRR and SLR
    Repos/Reverse Repos
    Bank Rate
    Open Market Operation
    Market Stabilization Securities
    Qualitative Controls
    Margin Requirements
    Publications of reports
    Moral Suasion
    Direct Instruction
  • 7. Banker to Banks
    Enabling smooth, swift and seamless clearing and settlement of inter-bank obligations.
    Providing an efficient means of funds transfer for banks.
    Enabling banks to maintain their accounts with the Reserve Bank for statutory reserve requirements and maintenance of transaction balances.
    Acting as a lender of last resort.
  • 8. Issuer of Currency
    Currency Management
    Currency Distribution
    Coin Distribution
    Special Type of Notes
    Exchange of Notes
    Combating Counterfeiting
  • 9. Developmental Role
    Rural Credit
    Micro, Small and Medium Enterprises Development
    Export Credit
    Financial Inclusion
    Customer Service
  • 10. Summer Project 1
    Working towards cashlesstransactions
    Ease of payment
    Ease of documentation
    Clear tracking of money route
  • 11. Summer Project 2
    Microfinance
    Structure and Sustainability Issues
    Funding Issues
    Capacity Building Issues
    Regulatory Issues
  • 12. References
    http://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?FromDate=11/06/03&SECID=21&SUBSECID=0
    www.isb.edu/caf/htmls/YVReddy_Speech.pdf
    rbidocs.rbi.org.in/rdocs/notification/DOCs/65063.doc
    http://www.microfinancefocus.com/content/rbi-releases-malegam-committee-report-microfinance
    http://en.wikipedia.org/wiki/Reserve_Bank_of_India
    Class presentation by Prof. Arun Kumar Misra