Q3 2024 Earnings Conference Call and Webcast Slides
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1. 1 WELCOME This presentation has been prepared by Mr. UNNI B T UNDER THE GUIDENCE OF SHRI R R KAMBLE, AGM, PDO as a part of his project work under the RBI Young Scholar Award Scheme. FUNCTIONS OF R B I by UNNI B T
3. INTRODUCTION It is the central bank of India The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934 3 FUNCTIONS OF R B I by UNNI B T
4. *RBI was set up on recommendation of Hilton young commission *It was started as a shareholder’s bank with the paid up capital of Rupees five crores *Initially it was privately owned *Initially its headquarters was located in Kolkata *It was moved to Mumbai in 1937 *It was nationalized in 1949 4 FUNCTIONS OF R B I by UNNI B T
5. Map showing head office regional offices and branches 5 FUNCTIONS OF R B I by UNNI B T
12. The Preamble of the Reserve Bank of India describes the basic functions of the 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 the country to its advantage." 8 FUNCTIONS OF R B I by UNNI B T
20. 12 HOW CURRENCY REACH US Public Issue office Press/mint Currency chest/government treasuries Office of issue department Its agencies, the branches of state bank of India and its associate banks. Distribution of currency and coins state Co-operative Banks and scheduled urban Co-operative banks Branches of public sector banks, scheduled private sector banks Government treasuries and sub treasuries FUNCTIONS OF R B I by UNNI B T
21. REGULATOR AND SUPERVISOR OF THE FINANCIAL SYSTEM *Prescribes parameters of banking operations *Objective: maintain public confidence *protect depositors' interest *provide cost effective banking 13 FUNCTIONS OF R B I by UNNI B T
22. Reserve bank of India regulates and supervises Commercial banks Non banking financial companies All India financial institutions Primary (urban) cooperative banks 14 FUNCTIONS OF R B I by UNNI B T
23. BANKING OMBUDSMAN RBI appoints banking ombudsman The Banking Ombudsman does not charge any feefor filing and resolving customers’ complaints There are 15 banking ombudsman. Mostly in state capitals All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme. complaint should have the name and address of the complainant, the name and address of the branch or office of the bank against which the complaint is made, facts giving rise to the complaint supported by documents 15 FUNCTIONS OF R B I by UNNI B T
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25. promote orderly development of foreign exchange market in India. 16 FUNCTIONS OF R B I by UNNI B T
30. 19 R B I MANAGES PUBLIC DEBT RECEIVE AND MAKE PAYMENTS ON BEHALF OF GOVERNMENT TRANSACT GOVERNMENT BUSINESS MANAGES ACCOUNTS OF GOVERNMENT DEPARTMENTS CENTRAL ACCOUNT SECTION AT NAGPUR CONSOLIDATES GOVERNMENTS BANKING TRANSACTIONS OVERSEES AUCTION OF TREASURY BILLS MAKE WAYS AND MEANS ADVANCES TO THE GOVERNMENTS FUNCTIONS OF R B I by UNNI B T
34. LENDER OF THE LAST RESORTFUNCTIONS OF R B I by UNNI B T
35. MONETARY AUTHORITY *Formulates, implements and monitors the monetary policy. *Objective: maintaining price stability and ensuring adequate flow of credit to productive sectors. 21 FUNCTIONS OF R B I by UNNI B T
59. 1 meeting—at a minimum—each quarter32 FUNCTIONS OF R B I by UNNI B T
60. 33 THANK YOU This presentation has been prepared by mr.UNNI B T UNDER THE GUIDENCE OF SHRI RR KAMBLE AGM, PDO as a part of his project work under the RBI Young Scholar Award Scheme. FUNCTIONS OF R B I by UNNI B T
