reserve bank of india , its emergence, its governors, its functions and facts and figures related to reserve bank of india. and all details are latest and up to date as far as 2018 is concerned.

1. Reserve
Bank of
India

2. Group
(16BBA069) – heena patel
2

3. Introduction
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1

4. Emergence
▰ 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 (82 years ago).
▰ RBI nationalised on 1 January 1949. 4

5. Headquarters
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2

6. Mumbai,
Maharshtra,
India 6

7. Governer
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3

8. Urjit patel
▰Urjit Patel is an Indian
economist, who is currently
serving as 24th Governor of
Reserve Bank of India (RBI) since
September 2016.
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9. K.J . Udeshi
▰The first woman to become the
deputy governor of RBI is K. J.
Udeshi. She was appointed in
2003.
9

10. Manmohan singh
▰Manmohan Singh is the only
Prime Minister to have also served
as the Governor of RBI.
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11. Functions
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4

12. 12

13. Note Issuing Agency
▰ The Reserve Bank of India has the sole right to issue
currency notes except one rupee notes which are issued
by the Ministry of Finance.
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14. Banker To Government
▰ As banker to the government the Reserve Bank manages the
banking needs of the government.
▰ It has to-maintain and operate the government’s deposit
accounts.
▰ It collects receipts of funds and makes payments on behalf
of the government.
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15. Manages Exchange Rate/Currency
▰ it objective is to facilitate external trade and payment and
promote orderly development and maintenance of foreign
exchange market in India.
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16. Banker’s Bank
▰ The commercial banks hold deposits in the Reserve Bank and
the latter has the custody of the cash reserves of the
commercial banks.
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17. Lander of Last Resort
▰ The commercial banks approach the Reserve Bank in times of
emergency to tide over financial difficulties, and the Reserve
bank comes to their rescue though it might charge a higher rate
of interest.
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18. Controller of Credit
▰ Since credit money forms the most important part of supply
of money, and since the supply of money has important
implications for economic stability, the importance of control
of credit becomes obvious.
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19. Price Stability
▰ Since commercial banks have their surplus cash reserves
deposited in the Reserve Bank, it is easier to deal with each
other and settle the claim of each on the other through book
keeping entries in the books of the Reserve Bank.
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20. Facts & Figures
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5

21. “ The RBI logo was inspired from the East
India Company’s Double Mohur.
2121

22. 22

23. ₹2609112,66,00,000
Current reserve of RBI
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24. “▰RBI was also the central bank for two
other countries.
▰It played the role of Central Bank of
Pakistan till June 1948 and the Central
Bank of Myanmar till April 1947.
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25. “
The End
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