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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
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