2. INTRODUCTION
It is central bank of india
Established in 1 April 1935 under the
RESERVE BANK OF INDIA ACT
Its headquarters is in mumbai (maharashtra)
Its present governor is Raghuram Rajan
It has 22 regional offices,most of them in state
capitals
website: http://www.rbi.org
3. HISTORY
It was established on 1st of April 1935
Initially it was located in Kolkata
It moved to Mumbai in the year 1937
Initially it was privately owned
It was the 1st bank to be Nationalized in 1949
4. CONT………
Since nationalization in 1949, the Reserve
Bank is fully owned by the Government of
India
On 27th June 2006, the Union Government of
India reconstituted the Central Board of
Directors of the Reserve Bank of India(RBI)
with 13 Members, including Azim Premji and
Kumar Mangalam Birla
5. PREAMBLE
The preamble of reserve bank of india describes
the basic functions of reserve bank as:“…to regulate the issue of bank notes
and keeping of reserves with a view to
securing monetary stability in india and
generally to operate the currency and credit
system of country to its advantage”
7. RBI STRUCTURE
Governor
Deputy Governor
Executive Directors
Principal Chief General Manager
Chief General Managers
General Managers
Deputy General Managers
Asstt. General Managers
Managers
Asstt Managers
Support staff
8. GOVERNORS
(1 of 2)
Sir Osborne A. Smith
April 1, 1935 to June 30, 1937
Sir James Braid Taylor
July 1, 1937 to February 17,1943
Sir Chintaman D.Deshmukh
August 11, 1943 to June 30, 1949
9. GOVERNORS
(2 of 2)
Dr. Bimal Jalan
November 22, 1997 to September 5, 2003
Dr.Y.V.Reddy
September 6, 2003 to September 5, 2008
Dr. D. Subbarao
September 5, 2008 to September 4, 2013
10.
Dr.Raghuram Rajan(23rd governor
of the Reserve Bank of india) 4
September 2013 onwards
Raghuram Rajan was born in
1963 in Bhopal, Madhya Pradesh,
India. He graduated from the IIT,
Delhi in 1985, Post Graduate
Diploma in Business
Administration from the IIM
Ahmedabad in 1987. He received
a PhD in Management from the
MIT in 1991 for his thesis titled
”Essays on Banking’’
13. KEY ROLES
Development of banking system
Development of financial institution
Development of backward areas
Economic stability
Economic growth
Proper interest rate structure
14. FUNCTIONS
RBI also regulates the opening / installation of ATM
RBI regulates the opening of branches by banks
It ensures that all the N.B.F.C follow the KYC Guidelines
Fresh currency notes for ATM are supplied by RBI
Banker to the Government: Performs all banking function
for the central and state governments and also act as their
banker
15. The reserve bank of India also regulates the
trade of gold.
It issues guidelines and directions for the
commercial banks
16. RBi headquaRteRs’ delhi entRance with
the yakshini sculpture depicting
‘prosperity through agriculture’
17. Issue of currency
Objective: to ensure adequate quantity of
supplies of currency notes and coins of good
quality
What R.B.I does….
Issues new currency and destroy currency and
notes not fit for circulation.
It has to keep in forms of gold and foreign
securities as per statutory rules against notes
and coins issued.
18. Development role
Objective: To develop the quality of banking
system in india
What R.B.I does….
Perform a wide range of promotional
functions to support national objectives.
To establish financial institution of national
importance, for eg:
NABARD, IDBI etc
19. BanKing sectOR RefORMs…
Cash reserve ratio(CSR)
Interest rate slabs
Prudential norms
Capital Adequacy Norms
Freedom of operation
Supervision of commercial banks
Recovery of debts.
20. CONCLUSION
Central bank plays important role in achieving
economic growth of a developing country
It promotes economic growth with stability
It helps in attaining full employment balance
of payment disequilibrium and in stabilizing
exchange rate
21. RBI is an autonomous body promoted by the
government of India
The RBI operates a number of government
mints that produce currency and coins
