rbi(reserve bank of india)
TRANSCRIPT
ABOUT RBI
• RBI is the Central Bank of our country.
• Which Controls the MONETARY POLICY of Indian Rupee.
• RBI was Established on the basis of Hilton Young commission recommendation in April, 1935, with the enactment of RBI Act 1934.
• The main purpose of creating RBI was to separate currency and credit from Government of India.
• RBI was nationalised in 1949. After the Independence
• First Indian Governor of CD Deshmukh
About CD DESHMUKH
• Sir Chintaman Dwarakanath Deshmukh, CIE, ICS was an Indian civil servant and the first Indian to be appointed as the Governor of the Reserve Bank of India in 1943 by the British Raj authorities.
• Born: 14 January 1896, Mahad
• Died: 2 October 1982, Hyderabad
• Award: Padma Vibhushan
• Books: The Course of My Life,
• Education: Jesus College, Cambridge, University of Cambridge
HEADQUARTERS OF RBI
• Mumbai :- Central Office Building, Shahid Bhagat Singh Road, Fort, Mumbai, Maharashtra 400001.
• New Delhi :- 6, Sansad Marg, New Delhi, Delhi 110001.
• Chennai :- #16, Rajaji Salai, Fort Glacis, Chennai, Tamil Nadu 600001.
• KolKata :- No.15, Netaji Subhas Road, Kolkata, West Bengal 700001.
• NOTE:- It has 19 regional offices and 11 sub-offices. There are support bodies
TYPES OF COMMERCIAL BANKS
NATIONALISED BANKS:
• Nationalised Banks dominate the banking system in India.
• Imperial bank of India is the first bank to get nationalised under the SBI Act 1955.
• The major nationalisation of banks happened in 1969 by the then- prime minister Indira Gandhi.Themajor objective behind nationalisation was to spread banking infrastructure in rural areas and cheap finance available to Indian farmers.
Eg:- Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank etc.,.
ADMINISTRATION• There are 21 members in Central board of Directors
• Structure of Central board of Directors:-
Governor
Deputy Governors
Deputy Governors
Deputy Governors
Deputy Governors
4- Executive Directors
4- Executive Directors
4- Executive Directors
4- Executive Directors
FUNCTIONS
• The main functions of the RBI includes:-
• Issue of currency except coins which are minted by the Union Government.
• Banker of Banks.
• Regulator of Banking System.
• Manager of foreign exchange.
• Maintaining financial stability.
• Detection of Fake Currency.
• Economic growth.
• Inflation control.
GOVERNORS OF RBI
1. Osborne Smith. 2. James Braid Taylor. 3. C. D. Deshmukh. 4. Benegal Rama
Rau.
5. K. G. Ambegaonkar. 6. H. V. R.
Iyengar
9. B. N. Adarkar. 10. S. Jagannathan 11. N. C. Sen Gupta 12. K. R. Puri.
13. M. Narasimham 14. I. G. Patel. 15. Manmohan Singh16. Amitav Ghosh.
17. R. N. Malhotra. 18.S. Venkitaramanan. 19. C. Rangarajan. 20. Bimal Jalan.
21. Y. V. Reddy. 22. D. Subbarao.
NEW GOVERNOR OF RBI 2016
• Duvvuri Subbarao, is an Indian Economist, Central Banker and Civil Servant. He was the 22nd Governor of Reserve Bank of India, served under Prime Minister Dr.Manmohan Singh
• Born: 11 August 1949 (age 67 years), Eluru
• Books: Who Moved My Interest Rate: Leading the Reserve Bank Through Five Turbulent Years
• Education: Ohio State University, Andhra University,
THANKYOU