The Reserve Bank of India (RBI) is India's central banking institution established in 1935. It was initially privately owned but was nationalized in 1949. The RBI is headquartered in Mumbai and governs India's monetary policy and banking system. It aims to regulate banking, manage currency supply and credit, and promote financial inclusion through various initiatives. The RBI is led by a central board of directors and has regional offices throughout India.

1. RESERVE BANK OF
INDIA
SUBMITTED BY
NEHA GARG
MBA I SEM

2.  The Reserve Bank of India is India's central
banking Institution, which controls the monetary
policy of the Indian rupee.
 It commenced its operations on 1 April 1935 during
the British Rule in accordance with the provisions of
the Reserve Bank of India Act, 1934.
 The original share capital was divided into shares of
100 each fully paid, which were initially owned
entirely by private shareholders .
 RBI was Nationalised on 1 January 1949.

3.  It was set up on the recommendations of the Hilton
Young Commission.
 It was started as share holders bank with a
paid up capital of RS 5 crores.
 It was established on 1 April 1935.
 Initially it was located in Kolkata.
 It was nationalised on 1 January 1949.
 Since nationalisation in 1949 the RBI fully owned by
the government of INDIA.

4.  Its first governor was Sir Osborne A.Smith(1st
April 1935 to 30th June 1937).
 The first Indian governor was Sir Chintaman D.
Deshmukh (11th august 1943 to 30th June 1949).

5. Main objectives of RBI –
 To manage the monetary and credit system of the country.
 To stabilizes internal and external value of rupee.
 For balanced and systematic development of banking in the
country.
 For the development of organized money market in the
country.
 For proper arrangement of agriculture finance.
 For proper arrangement of industrial finance.
 For proper management of public debts.
 To establish monetary relations with other countries of the
world and international financial institutions.
 For centralization of cash reserves of commercial banks.
 To maintain balance between the demand and supply of
currency.

7.  RBI was established with paid up capital of Rs. 5
crores which is managed by the central board of
directors.
 The organization of RBI can be divided into three
parts:
1) Central Board of Directors.
2) Local Boards
3) Offices of RBI

8.  Markets
 Regulation and Supervision
 Research
 Services
 Support

9.  26 departments
 26 regional offices and branches
 Training centres
 Research institute

10.  Central Board of Directors of RBI
Governor - Dr Raghuram Rajan
Deputy governor - Shri HR Khan
Deputy governor - Dr Urjit R Patel
Deputy governor - Shri R Gandhi
Deputy governor - Shri S.S Mundra

11.  Local board of directors of RBI
 Eastern area
Dr Nachiket M. Mor
Ms Anita Kumari
Shri Sharif UZ-Zaman Laskar
 Western area
Shri Kiran S Karnik

12.  Northern area
Shri Anil Kakodkar
Shri a Naveen Bhandary
 Southern area
Shri k Selvaraj
Shri Kiran Pandurang

13. In his first statement as governor of the Reserve Bank
of India (RBI) Raghuram Rajan outlined his vision to
reform India's financial system – including a raft of
initiatives on financial inclusion and short-term
measures to help ease the country's currency woes.

14. The RBI is on a mission mode to carry forward the
financial inclusion drive that has been initiated by the
government to bring in more under banked and
unbanked people under its fold.