Reserve Bank Of India Case Study

4439 Words18 Pages
Nikhil Deokar
PRN : 15020242026
Reserve Bank of India
Sr. No. Content
1. Introduction of Reserve Bank of India
2. Offices and Branches of RBI
3. History of RBI :
(A) RBI Act, 1934
(B) 1935-1969
(C) 1969-1991
(D) After 1991
4. Key Landmarks in the journey of RBI
5. Functions of RBI :
(A) Regulating the Issue of Currency
(B) Banker’s Bank
(C) Banker to Government
(D) Controller of Credit
(E) Custodian of Foreign Exchange Reserves
(F) Ordinary Banking Functions
(G) Forbidden Business
(H) Promotional and Developmental Functions
6. References

1. Introduction of Reserve Bank of India : The Reserve Bank of India (RBI) is India 's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India 's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. The RBI plays an important part in the Development Strategy of the Government of India. It is a member bank of the Asian Clearing Union. The general superintendence and direction of the RBI is entrusted with the 21-member Central Board of Directors: the Governor (Dr. Raghuram

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