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.
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
