RBI FUNTIONS

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FUNTIONS OF RBI

PRESENTED BY : RAKESH GANGURDE

SACHIN MORE

ANIL RAVIDAS

SHUBHANGI MACHHI


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Introduction

It is central bank of india

Established in 1st April 1935 under the RESERVEBANK OF INDIA ACT

Nationalized in year 1949 Its headquarters is in Mumbai (Maharashtra)

Its present governor is Dr. duvvuri subbarao

It has 24 regional offices ,most of them in statecapitals.

Website :www.rbi.org.in


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Brief history

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 crore

Initially it was located in Calcutta

It moved to Mumbai in 1937. Initially it was privately owned.


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Continue..

Since nationalization in 1949 ,the RBI is fully owned by

government of india.

Its first governor was sir Osborne A smith

April 1 ,1935 to June30,1937. The first Indian governor was

Sir chintaman D Deshmukh

(August 11,1943 to June 30,1949)

On June 27,2006,the union Government of india reconstitutedthe central board of Director of the RBI with 13 members

,including Azim Premji and Kumar Mangalam Birla.


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GOVERNERS

sir osborne A smith

(April 1 ,1935 to June30,1937)

Sir Chintaman D Deshmukh

(August 11,1943 to June 30,1949)

Dr. duvvuri subbarao

(September 5,2008)


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preamble

The preamble of the RBI describes the the

basic funtions of RBI 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 .


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MAIN FUNTIONS OF RBI(Act 1934)

Issue of currency

Banker, Agent and advisor to the Government

Bankers Bank

Custodian of Foreign Exchange Reserves

Credit Control

Manager of foreign Bank


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Issue of currency

enjoys monopoly.

Destroys currency and coins.

It has to keep in form of gold and foreign

securities as per statutory rules against notesand coins.


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Banker, Agent and advisor

Banker

Agent

Advisor


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Bankers Bank

maintain banking accounts of all schedule

banks.

keep cash reserve a fix percentage of their

aggregate deposite liability.

expect for the help of RBI in the time of

banking crisis.


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Custodian of Foreign Exchange Reserves

Maintaining external value of rupee.

Adopting appropriate monetary policies.

observe relationship of Indian currency withother international currency.


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Credit Control

holds the cash reserves of all schedule banks.

RBI has power to ask bank whole bankingsystem not to lend a particular group or

persons.

licence from RBI for banking operation.


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Manager of foreign exchange

RBI plays key role in the regulation and

development of foreign exchange market and

assumes three broad roles :

Regulation transaction.

Ensure smooth conduct.

Managing the foreign currency and gold

reserve.


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THANK YOU

Documents

RBI FUNTIONS