- RBI is India's central bank established in 1935. It formulates monetary policy and regulates the country's financial system. It is the legal issuer of currency in India and acts as a bank for banks and lender to the government. - RBI aims to develop banking systems and institutions, maintain economic stability and growth. It uses IT extensively including computers, websites and online services to manage data and facilitate public access to information and complaints. - RBI has helped modernize banking through technologies like core banking, online reporting, anti-money laundering systems, and new digital channels such as internet banking and mobile banking.

2. •RBI stands for Reserve Bank of India and is India’s Central
Bank.
•It formulates India’s monetary policy with regard to Indian
Rupee.
•Established on- 1 April 1935 during the British Raj.
•It was established to respond to the economic troubles after
the first world war.
•It was nationalized in the year 1949.

3. On 6 August 2013, Prime Minister
Dr. Manmohan Singh approved
appointment of Raghuram Rajan
as RBI Governor of India.

4. •Legal issuer of currency.
•Bank to banks: maintains bank accounts
of the different banks in India.
•Regulator and supervisor of the
financial system of India.
•Manager of exchange control.
•Banker to the government.

5. •Development of banking system.
•Development of financial institutions.
•Economic stability.
•Economic growth.
•Miscellaneous.

6. IT plays important role in the development of RBI in many ways like:
•Computers are being used to manage a large amount of data.
•Internet is being used by RBI to make people aware about many traps.
(Website link: www.rbi.org.in)
•On the official website of RBI, we can make complaints on many topics.
•RBI has also provided the security features of different Rupees Notes
on its official website.
•Public can file an application to the RBI on the website.
In Short, RBI has provided such facilities to make the work to be done
with ease.

8. Click on Contact Us
To make complaints
You will be
directed to
a link like
this and
here you can
make
complaints
regarding
the topics
given in
department
column.

9. Click on any blue link given above to search for
information on traps.
You can drag down the page
to find more

11. You can view FAQs to solve your problem

12. IT implementation has developed banks and their services in many ways to
make the work for them as well as for the customers to be done with comfort
and some are mentioned below:
•Banks have implemented Core Banking system across all their branches. .
•Filing of returns by banks through the Online Line Return Filing System
(ORFS) which has commenced is poised to make the process of submission of
data to the Reserve Bank less cumbersome.
•Facilitating banks in implementing systems which would provide for Anti-
Money Laundering (AML).
•Introduction of new delivery channels like Internet Banking, Mobile Banking,
Mobile Automated Teller Machines (ATMs) , Multi-functional ATMs, shared
ATM services and many more.

14. A multi-function ATM provides services in addition to cash withdrawal,
such as passbook printing, cash deposit with verification, and video surveillance.
While the layout is the same as a basic ATM, more peripherals are required, and the
system must be able to handle greater computing and communication demands.

15. www.google.co.in
www.wikipedia.org
www.rbi.org.in