It was framed on April 1, 1935 as a confidential element, however is an administration substance now. · Nationalization of the national bank didn't occur till 1949. · The monetary year of RBI is from 1 July to 30 June.

1. Home  Indian Economy  FACTS ABOUT RESERVE BANK OF INDIA
B SREENIVASULU - June 11, 2022
FACTS ABOUT RESERVE BANK OF INDIA
It was framed on April 1, 1935 as a confidential element, however is an administration substance now.
Nationalization of the national bank didn't occur till 1949.
The monetary year of RBI is from 1 July to 30 June.
RBI is capable just for printing the money notes.
Stamping of coins is finished by the Government of India.
FACTS ABOUT RESERVE BANK OF INDIA
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2. The principal lady to turn into the agent legislative head of RBI is K. J. Udeshi. She was named in 2003.
RBI demonetized notes in the categories of 5,000 rupees (Rs. 5,000) and 10,000 rupees (Rs. 10,000) in
1938. They were once again introduced in 1954 and again demonetized in 1978. RBI can print these
notes as indicated by the RBI demonstration of 1934.
RBI was likewise the national bank for two different nations. It assumed the part of Central Bank of
Pakistan till June 1948 and the Central Bank of Burma (Myanmar) till April 1947.
The bank was laid out on the proposal of the Hilton Young Commission.
Manmohan Singh is the main Prime Minister to have likewise filled in as the Governor of RBI.
The principal Indian to stand firm on the footing of the Governor of RBI was Mr. C.D. Deshmukh.
Present RBI Governor: ­ Shaktikanta Das
He was the third legislative leader of RBI. RBI has 29 workplaces in India which are for the most part
situated in the state capitals.
RBI runs a Monetary Museum in the premises of the Mumbai head office.
The planning and printing of coins in different divisions is likewise the obligation of the Government of
India. Coins are printed at the four India Government Mints at Mumbai, Alipore (Kolkata), Saifabad
(Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP).
RBI Head Quarter in Mumbai, Maharashtra
RBI MONETARY POLICY (JUNE ­2022)
Repo rate: 4.90%
Definition of Repo Rate: ­ Repo rate is the rate at which the national bank of a nation (Reserve Bank
of India in the event of India) loans cash to business banks in case of any deficiency of assets. Repo
rate is utilized by money related specialists to control expansion.
Reverse Repo Rate: 3.35%
Definition of Reverse Repo Rate: ­ Switch repo rate is the rate at which the national bank of a nation
(Reserve Bank of India in the event of India) gets cash from business banks inside the country. It is a
financial strategy instrument which can be utilized to control the cash supply in the country.
MSF: 5.15%

3. Bank Rate: 5.15%
Definitions Of Bank Rate: ­ Bank rate is the rate charged by the national bank for loaning assets to
business banks.
SLR: 18%
Definition of SLR: ­ Legal Liquidity Ratio or SLR is a base level of stores that a business bank needs
to keep up with as fluid money, gold or different protections. Fundamentally the hold necessity banks
are supposed to keep prior to offering credit to clients
GDP Forecast for Financial Year 2023: 7.2%
Inflation Rate for Financial Year 2023: 6.7%
RBI raises limit of e­mandates to Rs: 15000 from Rs 5000
India forex reserves stand at $601.1 billion
Linking of RuPay credit cards to UPI will now be allowed
RBI has raised housing loan limits for co­operative banks by 100%
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