The Reserve Bank of India (RBI) is the central bank of India established in 1935. It manages monetary policy, regulates banks, and maintains financial stability in India. The RBI has the sole right to issue currency notes and regulates the entire banking system. It also acts as a lender of last resort and manages the government's banking transactions and foreign currency reserves. The RBI aims to promote financial inclusion in India and its headquarters are located in Mumbai.

2. SREE NARAYANA TRAINING COLLEGE
SREEKANDESWARAM
POOCHAKKAL
B.ed 2013-2014
Kerala University

3. Submitted By
Sabeena .P.K
Register No-13383012
Social Science

4. Submitted To
Mrs. Anupama

5. RESERVE BANK OF INDIA
INTRODUCTION
The reserve bank of India is the central bank of the country entrusted with monitory stability, the management currency and the supervision of the financial as well as the payments system.
Established in 1935 it’s functions and focus have evolved in response to the changing economic environment. It ‘s history is not only intrinsically interwoven with the economic and financial history of the country ,but also gives insight into the thought processes that have helped shape the countries economic policies. Here we present some facet of the bank’s history for the layperson. We look forward to the viewer’s suggestions and comments.

6. STRUCTURE OF RBI
The RBI is wholly owned by the Government of India. Its structure is simply represented by the following.
1. Central Board of Directors
2.Committee of the central Board
3.Board of financial supervision
4.Board for payment and settlement system.
5.Subcommittee of the central Boards.
6.Local Boards

7. MAJOR FUNCTIONS OF RBI
ISSUE OF BANK NOTES:
The RBI has the sole right to issue currency notes except one rupees notes which are issued by the ministry of finance.
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 governments deposit accounts. It collects receipts of funds and makes payments on behalf of the government.
Custodian of cash Reserves of Commercial Banks
The commercial Banks hold deposits in the Reserve Bank and latter has the custody of the cash reserve of the commercial banks.
Custodian of countries foreign currency Reserves.
The Reserve Bank has the custody of the country reserve of international currency, and this enables the reserve bank to deal with crises connected with adverse balance of payment position.
Lender of last Resort
The commercial bank approach the Reserve Bank in times of emergency to tide over financial difficulties and the Reserve Bank comes to their rescue though it might charges a higher rate of interest.
Central Clearance and Account Settlement
Since commercial banks have their surplus cash reserves deposited in the RB, 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.
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. Credit is controlled by the Reserve Bank in accordance with the economic priorities of the government.

8. RBI
Headquarters – Marg Mumbai, Maharashtra.
Established - April 1, 1935 (79 years ago)
Governor - Raghuram Rajan
Currency -Indian Rupees
Interest on Reserves – 4.00%(market determined)
Website – www.rbi.org.in

9. CONCLUSION
The RBI plays an important part in Development strategy of the Government of India. It is a member bank of the Asian Clearing Union. The bank is also active in promoting financial inclusion policy and is a leading member of the alliance for financial Inclusion