The Reserve Bank of India (RBI) is India's central banking institution established in 1935. It is headquartered in Mumbai and has 19 regional offices located in state capitals. The RBI was established based on recommendations of the Hilton Young Commission and is fully government owned since nationalization in 1949. It is headed by a governor and has four deputy governors, and oversees monetary policy and the country's currency and credit system.

1. RESERVE BANK OF
INDIA
Ehsan Razi KM
2017MBA07

2. Introduction
■ The Reserve Bank of India (RBI) is India's
central banking institution, which controls
the monetary policy of the Indian Rupee.
■ It commenced its operations on 1 April 1935 in
accordance with the
Reserve Bank of India Act, 1934
■ It has 19 regional offices most of them in
state capitals

3. Brief History
■ The Reserve Bank of India was set up on
the recommendations of the
HiltonYoung Commission
■ The commission submitted its report in
the year 1926, though the bank
was not set up for another nine years.
■ It was started as share holders bank
as paid up capital of 5 crore
■ Initially it was located in Kolkata
■ It moved to Mumbai in 1937
■ Initially it was privately owned
■ Since Nationalization in 1949, RBI is
fully owned by Govt of India

4. Organization Structure of RBI

6. ■ The central board of directors is the main committee of the central bank.
■ The Government of India appoints the directors for a four-year term.
■ The Board consists of a governor, and not more than four deputy governors; four
directors to represent the regional boards;
■ The bank is headed by the governor and the post is currently held by economist Urjit
Patel.
■ Here are four deputy governors B P Kanungo,, N SVishwanathan and ViralAcharya,
Mahesh Kumar Jain.
■ Two of the four deputy governors are traditionally from RBI ranks and are selected
from the Bank's Executive Directors.
■ One is nominated from among the Chairpersons of public sector banks and the other is
an economist

7. ■ The RBI has four zonal offices at Chennai, Delhi, Kolkata and Mumbai.
■ It has 19 regional offices and 11 sub-offices throughout India.
■ Regional offices are located inAhmedabad, Bangalore, Bhopal, Bhubaneswar,
Chandigarh,Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kochi,
Kolkata, Dewas, Lucknow, Mumbai, Nagpur, Patna, Dehradun and
Thiruvananthapuram.
■ Sub-offices are located inAgartala,Aizawal, Dehradun, Gangtok, Imphal, Panaji,
Raipur, Ranchi, Shillong, Shimla and Srinagar

8. Basic functions of RBI
■ To regulate the issue of Bank notes and keeping of reserves with a view
to securing monetary stability in India
■ To operate the currency and credit system of the country
■ To have a modern monetary policy framework to meet the challenge of
an increasingly complex economy
■ To maintain price stability while keeping in mind the objective of
growth.