reserve bank of india by ssk 2013
TRANSCRIPT
RESERVE BANK OF INDIA
INTRODUCTION
It is central bank of india Established in 1 April 1935 under the
RESERVE BANK OF INDIA ACT Its headquarters is in mumbai (maharashtra) Its present governor is Raghuram Rajan It has 22 regional offices,most of them in state
capitals website: http://www.rbi.org
HISTORY
It was established on 1st of April 1935 Initially it was located in Kolkata It moved to Mumbai in the year 1937 Initially it was privately owned It was the 1st bank to be Nationalized in 1949
CONT………
Since nationalization in 1949, the Reserve Bank is fully owned by the Government of India
On 27th June 2006, the Union Government of India reconstituted the Central Board of Directors of the Reserve Bank of India(RBI) with 13 Members, including Azim Premji and Kumar Mangalam Birla
PREAMBLE
The preamble of reserve bank of india describes the basic functions of 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 country to its advantage”
Structure of Banking in India
RBI STRUCTUREGovernor
Deputy Governor
Executive Directors
Principal Chief General Manager
Chief General Managers
General Managers
Deputy General Managers
Asstt. General Managers
Managers
Asstt Managers
Support staff
GOVERNORS (1 of 2)
Sir Osborne A. SmithApril 1, 1935 to June 30, 1937
Sir James Braid Taylor July 1, 1937 to February 17,1943
Sir Chintaman D.Deshmukh August 11, 1943 to June 30, 1949
GOVERNORS (2 of 2)
Dr. Bimal Jalan
November 22, 1997 to September 5, 2003
Dr.Y.V.Reddy September 6, 2003 to September 5, 2008
Dr. D. Subbarao September 5, 2008 to September 4, 2013
Dr.Raghuram Rajan(23rd governor of the Reserve Bank of india) 4 September 2013 onwards
Raghuram Rajan was born in 1963 in Bhopal, Madhya Pradesh, India. He graduated from the IIT, Delhi in 1985, Post Graduate Diploma in Business Administration from the IIM Ahmedabad in 1987. He received a PhD in Management from the MIT in 1991 for his thesis titled ”Essays on Banking’’
SYMBOL OF INDIAN RUPEE
SOME OF THE INDIAN RUPEES
NOTES COINS
KEY ROLES
Development of banking system Development of financial institution Development of backward areas Economic stability Economic growth Proper interest rate structure
FUNCTIONS
RBI also regulates the opening / installation of ATM
RBI regulates the opening of branches by banks
It ensures that all the N.B.F.C follow the KYC Guidelines
Fresh currency notes for ATM are supplied by RBI
Banker to the Government: Performs all banking function for the central and state governments and also act as their banker
The reserve bank of India also regulates the trade of gold.
It issues guidelines and directions for the commercial banks
RBI Headquarters’ Delhi entrance with the yakshini sculpture depicting ‘prosperity through agriculture’
Issue of currency
Objective: to ensure adequate quantity of supplies of currency notes and coins of good quality
What R.B.I does….Issues new currency and destroy currency and notes not fit for circulation.It has to keep in forms of gold and foreign securities as per statutory rules against notes and coins issued.
Development role
Objective: To develop the quality of banking system in india
What R.B.I does…. Perform a wide range of promotional functions
to support national objectives. To establish financial institution of national
importance, for eg:
NABARD, IDBI etc
BANKING SECTOR REFORMS…
Cash reserve ratio(CSR) Interest rate slabs Prudential norms Capital Adequacy Norms Freedom of operation Supervision of commercial banks Recovery of debts.
CONCLUSION
Central bank plays important role in achieving economic growth of a developing country
It promotes economic growth with stability
It helps in attaining full employment balance of payment disequilibrium and in stabilizing exchange rate
RBI is an autonomous body promoted by the government of India
The RBI operates a number of government mints that produce currency and coins