Banking Study Materials - RBI Important facts

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JAIIB/CAIIB Exam TopicReserve Bank of India (RBI) -Facts

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Topics covered• RBI –Introduction• Important facts (6 Pages)• RBI Logo (2 Pages)

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RBI - Reserve Bank of India

The Reserve Bank of India is India's Central Banking Institution, which controls the Monetary Policy of the Indian Rupee.

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Important Facts (1/8)

• Name of Central Bank of IndiaReserve Bank of India (RBI)

• No of Central Bank in India - One (1)• Reserve Bank of India Act passed in 1934.• Reserve Bank of India (RBI) established on 1 April

1935.• Reserve Bank of India (RBI) established on the

recommendation of Hilton-Young Commission.

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• Hilton-Young Commission submitted its report in the year 1926.• Initially RBI was constructed as a Private Share

holders’ bank with fully paid-up capital of Rs 5 Crores.• RBI was nationalize in the year of 1st

January,1949• RBI is a statutory body

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• RBI is the sole authority in India to issue Bank notes in India• Initially the headquarter of RBI was in Calcutta

(Now Kolkata) but in 1937 it was permanently moved to Mumbai, Maharastra.• RBI has 19 regional offices, most of them in state

capitals and 9 Sub-offices• The Executive head of RBI is known as Governor.

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• The governor is associated by Four Deputy Governors.• The bank has also two training colleges for its

officers, viz. Reserve Bank Staff College at Chennai and College of Agricultural Banking at Pune.• RBI is a member bank of the Asian Clearing

Union.

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• Chintaman Dwarkanath Deshmukh (C D Deshmukh) was the governor of RBI at the Time of nationalization of RBI in 1949.• C D Deshmukh, then Governor of RBI,

represented India at the Bretton Woods negotiations in 1944.• 1st women Deputy Governor of RBI -K.J.Udeshi.• RBI is not a Commercial Bank.

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• RBI prints currency in 15 Languages.• RBI is a member of IMF (International Monetary

Fund).• At present there are total 90 bank in the second

schedule of Reserve Bank of India Act, 1934. [Latest inclusion - Bhartiya Mahila Bank)• Emblem of RBI: Panther and Palm Tree.

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Important Facts (7/8)RBI LOGO(1/2)

The general ideas on the seal were as follows:• the seal should emphasis the Governmental status of the

Bank, but not too closely;• it should have something Indian in the design;• it should be simple, artistic and heraldically correct; and• the design should be such that it could be used without

substantial alteration for letter heading, etc.




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Important Facts (8/8)RBI LOGO (2/2)• For this purpose, various seals, medals and coins

were examined. • The East India Company Double Mohur, with the

sketch of the Lion and Palm Tree, was found most suitable; however, it was decided to replace the lion by the tiger, the latter being regarded as the more characteristic animal of India




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Thanks &

All the Best for a great Banking Career

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Banking Study Materials - RBI Important facts