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Reserve Bank of IndiaReserve Bank of IndiaIntroduction, Formation, & Introduction, Formation, &
ManagementManagement
Traditional FunctionsTraditional Functions
Issue of Bank NotesIssue of Bank Notes Banker to the Banker to the
GovernmentGovernment Bankers' BankBankers' Bank Monetary Regulation Monetary Regulation Custodian Foreign Custodian Foreign
ExchangeExchange
Issue of NotesIssue of Notes
Minimum Reserve Minimum Reserve SystemSystem
Issue Department has 14 Issue Department has 14 officesoffices
In addition, Currency In addition, Currency Chest maintained by Chest maintained by SBI, its Associates, or SBI, its Associates, or PS BanksPS Banks
Banker to The GovernmentBanker to The Government Maintaining AccountsMaintaining Accounts Receiving the Revenue of the Receiving the Revenue of the
governmentsgovernments Making Payments of the Making Payments of the
governmentsgovernments Providing Remittance Providing Remittance
FacilitiesFacilities Issuing Treasury BillsIssuing Treasury Bills Providing Ways & Means Providing Ways & Means
FinanceFinance Advisor to the GovernmentAdvisor to the Government Representing the GovernmentRepresenting the Government
Bankers’ BankBankers’ Bank Ensuring Liquidity of BanksEnsuring Liquidity of Banks Clearing House & Clearing House &
Remittance FacilitiesRemittance Facilities Real Time Gross Real Time Gross
Settlement: Introduced in Settlement: Introduced in 2004, it is the beginning of a 2004, it is the beginning of a clearing system at the clearing system at the national levelnational level
NEFTNEFT Electronic Clearing ServicesElectronic Clearing Services Banking Banking
Research&Technology-Research&Technology-Institute for Development & Institute for Development & Research in Technology, Research in Technology, which set up INFINET & which set up INFINET & National Financial SwitchNational Financial Switch
Lender of Last Lender of Last ResortResort
Negotiated Dealing Negotiated Dealing System: Introduced System: Introduced in Aug 1, 2005 for in Aug 1, 2005 for SGL A/c holders, it SGL A/c holders, it is an anonymous is an anonymous order matching order matching system for system for government government securitiessecurities
Power Over BanksPower Over Banks
Power Over the BanksPower Over the Banks Licensing to carry on bankingLicensing to carry on banking Licensing for branch expansionLicensing for branch expansion Approval of liquidity, capital Approval of liquidity, capital
adequacy and reservesadequacy and reserves Inspection of banksInspection of banks Appointment of chairmen with Appointment of chairmen with
the approvalthe approval Mergers & Acquisitions of Mergers & Acquisitions of
banksbanks Compulsory liquidation of Compulsory liquidation of
banks banks
Monetary RegulationMonetary Regulation Quantitative Credit Quantitative Credit
ControlControl
-Bank Rate-Bank Rate
-open market operation-open market operation
-variable cash reserve ratio-variable cash reserve ratio
Selective Credit ControlSelective Credit Control
-rationing of credit-rationing of credit
-margin requirement-margin requirement
--period allowed for repaymentperiod allowed for repayment
-moral suasion-moral suasion
Custodian of Foreign Exchange Custodian of Foreign Exchange ReserveReserve
Obligation to buy & sell Obligation to buy & sell currencies of members of currencies of members of IMFIMF
Receiving export revenue Receiving export revenue and other receipts from and other receipts from foreign countriesforeign countries
Routing all payments Routing all payments outsideoutside
Determining exchange Determining exchange ratesrates
Market interventionMarket intervention
Promotional Functions of RBIPromotional Functions of RBI
Publication of DataPublication of Data Deposit Insurance Deposit Insurance
CorporationCorporation Unit Trust of IndiaUnit Trust of India Bill Market Bill Market
Schemes,1952 & 1971Schemes,1952 & 1971 Banking Ombudsmen Banking Ombudsmen
Scheme, 1995-15 citiesScheme, 1995-15 cities
IDRBT in 1995IDRBT in 1995 Indian Financial Indian Financial
Network (INFINET) in Network (INFINET) in 19991999
National Financial National Financial Switch-ATM sharing by Switch-ATM sharing by banksbanks
Role of RBI in Agricultural FinanceRole of RBI in Agricultural Finance
Establishment of Establishment of Agricultural Credit Agricultural Credit Department in 1935Department in 1935
Development of Co-Development of Co-operative Movementoperative Movement
Funding LDBsFunding LDBs Setting up ARDC in 1963Setting up ARDC in 1963 Encouragement of RRBsEncouragement of RRBs Establishing NABARD in Establishing NABARD in
1982 1982
Role of RBI in Industrial DevelopmentRole of RBI in Industrial Development Establishment of Term Establishment of Term
Lending InstitutionsLending Institutions Credit Guarantee Schemes- Credit Guarantee Schemes-
Discontinued in 1981Discontinued in 1981 Credit Guarantee Credit Guarantee
Corporation of India Corporation of India Limited in 1971- Taken Limited in 1971- Taken over by Deposit Insurance over by Deposit Insurance Corporation in 1978Corporation in 1978
Small Loans Guarantee Small Loans Guarantee Scheme in 1981Scheme in 1981
THANK YOUTHANK YOU