Name: INTRODUCTION
Uploaded: 2022-11-06
Duration: 4 min
Description: INTRODUCTION. Reserve Bank Of India is India’s Central Bank..

INTRODUCTION. Reserve Bank Of India is India’s Central Bank.. 

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Reserve Bank Of India is India’s Central Bank.

The Reserve Bank Of India is India’s Central banking insttiution,which controls the monetary policy of the Indian Rupee.

The Reserve Bank Of India was established On April 1, 1935 In accordance with the provisions of the Reserve Bank Of India Act,1934.

Prof. W.A.Shaw related bank Is a bank which controls credit.’’

History. RBI established on 1st of April 1935.. Initially it was located in Kolkata.. 

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It was the 1st bank to be Nationalized in 1949. It has 22 regional offices, most of them in state capitals.

Since nationalization in1949, the Reserve Bank is fully owned by the Government Of India.

FUNCTIONS OF RBI. Banker’s Bank.. Banker’s To The Government.. 

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Regulator to the banks & Other Financial Institutions.

Banker’s Bank. RBI acts as banker, agent and advisor to the Government.. 

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RBI acts as banker, agent and advisor to the Government.

It transacts the business of both, the Central and State Governments.

It accepts money as well as makes payments on behalf these governments.

It advises the Government on a wide range of economic Issues.

Transfer funds and Settle Inter-bank transactions.

Bankers To The Government. RBI acts as a bankers, agent and advisor to the government .. 

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RBI acts as a bankers, agent and advisor to the government .

It transacts the business of both, the Central & State Governments.

It accepts money as well as makes payments on behalf these Governments.

It advises the Government on a wide range of economics Issues.

It also represents the Indian Government ,as a member of the International Monetary Fund and World Bank.

ISSUE OF CURRENCY NOTES. RBI has the sole right to issue currency notes of all denominations except one rupee note and coins.. 

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RBI has the sole right to issue currency notes of all denominations except one rupee note and coins.

One –rupee note and small coins are issued by the Government of India .In actuality, the RBI also issues these coins on behalf of the Government of India.

It not only issues currency but also coins not fit for circulation. The objective of currency issue is merely to give the public adequate quantities of currency notes and that too of good quality.

Foreign Exchange Reserve. The RBI plays a crucial role in foreign exchange transactions.. 

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The RBI plays a crucial role in foreign exchange transactions.

It takes steps to stop the fall in value of the Indian Rupee.

The RBI also takes necessary steps to control the current account deficit.

They also give support to promote export and the RBI provides a variety of options for NRIs.

Every foreign transactions Including the Inflow and Outflow of Foreign exchange.

CONTROLLER OF CREDIT. As a Supreme Banking Authority of the country, RBI has the power to influence the volume of credit created by commercial banks.. 

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As a Supreme Banking Authority of the country, RBI has the power to influence the volume of credit created by commercial banks.

There  are two method of Credit Control Used by RBI:-

Quantitative method such as bank rate, Open market operations , variable reserve ratios such as Cash Reserve Ratio (CRR) , Statutory Liquid Ratio (SLR) etc. Control the volume of credit created.

Qualitative methods such as fixing margin requirements , credit rationing, moral suasion etc. regulate the purpose or use of credit.

REGULATOR TO THE BANK & OTHER FINANCIAL INSTITUTIONS. 

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REGULATOR TO THE BANK & OTHER FINANCIAL INSTITUTIONS

The RBI has been assigned the role of controlling and supervising the bank system in India.

The RBI responsible for controlling the overall operations of all banks in India.

The Prime duty of the Reserve Bank is to regulate the banking system of our country In such a way that the people of the country can trust in the banking up to perform its duty. The Reserve Bank has following powers In this regard.

Licensing , Management, Branch Expansion, Power of Inspection of Bank.

PROMOTION AND DEVLOPMENTAL FUNCTION. Being the banker of the Government Of India, the RBI is responsible for implementation of the government’s policies related to agriculture and rural development.. 

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Being the banker of the Government Of India, the RBI is responsible for implementation of the government’s policies related to agriculture and rural development.

It has set up national Bank for Agriculture and Rural Development                (NABARD) and maintain credit department to provide credit facilities to farmers.

Central bank has set up IDBI (Industrial Development Bank Of India) , SFC (State Finance Corporation), IFC (Industrial Finance Corporations) etc. to promote industries.

COLLECTION AND PUBLICATION OF DATA. RBI collects and compiles statistical information related to banking and other financial sectors of the economy.. 

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RBI collects and compiles statistical information related to banking and other financial sectors of the economy.

To perform This functions ,RBI collects, collates and publishes these data regularly.

The RBI has a separate Department of Statistics for collecting, compiling and disseminating statistical information and conducting research related to bank and other financial sectors of economy.

Formulate Monetary Policy. The RBI formulates monetary policy twice a year.. 

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The RBI formulates monetary policy twice a year.

It reviews the policy every quarter as well.

The tools used for implementation of the objectives of monetary policy are:

a)Cash Reserve Ratio (CCR) and Statutory Liquidity Ratio

b)Different Rates such as Repo Rate , Reverse Repo Rate and

INTRODUCTION

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