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Reserve Bank of India (RBI) - Gr8AmbitionZ

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Reserve Bank of India (RBI)

BI, India's Central Bank came into existence on 1stApril 1935 as a private share holders bank. Note : 1st Central Bank in the world : Rick's Bank Sweden in 1656. But in the light of unctions, Bank of England is the 1st Central Bank 1694.

Functions of RBI : Monopoly of Note issue Banker, Adviser and Agent to the Govt. of India Banker to Banks Custodian of Foreign exchange and gold. Re-discounts bills of exchange and hundis. Lender of last Resort Maintains stability of foreign value of Rupee. Acts as clearing house Credit control

Here are some important points to remember about RBI :

RBI's central office is in Mumbai. RBI has 22 regional offices. It was nationalized on 1st January 1949. It prints Currency in 15 Languages. Its predecessor was Imperial Bank of India (1921). RBI came into existence on the recommendation commission as per RBI act 1934. of Hilton Y oung (Royal)

It is the member bank of Asian Clearing Union (ACU) and IMF (International Monetary Fund). RBI has Board of Directors with 21 (Governor and 4 Deputy Governors etc) The present Governor of RBI is Raghuram Rajan. Deputy Governors :
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Currency notes are issued by RBI under "Minimum Reserve System 1957" with backing of Rs. 200 Cr Reserve (Gold : Rs. 115 Cr + Foreign Securities Rs. 85 Cr) RBI Invests foreign exchange reserves in multi-currency, multi-market portfolios such as securities, other central banks and Bank of International Settlements (BIS) and deposits in foreign commercial banks. The yield on such investments is low. RBI does not pay interest on Govt. deposits with it.

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The following monetary instruments are in the hands of RBI to control credit and to bring economic stability in the economy : Bank Rate : Rate of rediscount at which the RBI discounts the first class bills of exchange brought by the banks. Repo Rate : Injection of liquidity by the RBI is termed as " Repo Rate" . This was introduced in Dec. 1992 and Reverse Repo Rate in Nov. 1996. RBI buys Govt. Securities for a short period usually a fortnight, with an agreement to sell it later. Thus repo rate is a short-term money market instrument to stabilize short term liquidity in the economy. Reverse Repo Rate Repo Rate is the rate at which the RBI lends to commercial banks where as the Reverse Repo Rate is the rate at which the RBI borrows from the commercial banks against securities for a very short period. Repo and Reverse Repo rates are used as policy instruments for day-to-day liquidity management under the liquidity adjustment facility. Cash Reserve Ratio (CRR) : It refers to the percentage of net demand and time deposits which the scheduled commercial banks have to keep with RBI at zero interest Rate as per RBI act 1934. Statutory Liquidity Ratio (SLR) : It refers to the percentage of net demand and time deposits which the scheduled commercial banks have to keep with themselves. i.e. by purchasing Govt. Securities or in the form of cash or gold as per Banking Regulation Act 1949, Sec 24. SLR is a mechanism used by Commercial Banks for providing credit to the Govt. Open market operations : RBI buys or sells Govt. Bonds in the second Ratio. RBI Amendment Bill 2005 provides flexibility to RBI in fixing the CRR and SLR. Though RBI is responsible for the safety and stability of the Banking sector, it is not legally independent. sponsored links

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23 comments :
Malik Ehsan ul ellahi November 4, 2012 at 4:19 PM Give it in PDF format please Reply

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Anonymous November 21, 2012 at 8:44 PM these notes are just worth it. thanks alot . one can revise from them easily Reply

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Anonymous December 6, 2012 at 1:09 PM please give it in pdf format Reply

Indu Babu December 6, 2012 at 6:07 PM Imperial Bank of India is the Predecessor of State Bank of India not RBI. SBI traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banksBank of Calcutta and Bank of Bombayto form the Imperial Bank of India, which in turn became the State Bank of India. The Government of India nationalised the Imperial Bank of India in 1955 with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. Reply Replies Shiv RK December 8, 2012 at 11:17 AM IBPS Clerks II Common Interview Experiences 2013 United India Insurance AO Exam Previous Papers Free Download

Thanks for the comment Indu Babu. I think we've already uploaded this in the Short Notes on State Bank of India.... Good Day :) Character Certificate Download lucky August 12, 2013 at 9:41 PM its not correct frnds,,,indu giving wrong info Banking Awareness Materials and Model Papers for IBPS Clerks Online Exam 2012

Sreemadhavi Roopesh August 13, 2013 at 10:39 PM ms.indu is giving the right information.imperial bank was the predecessor of SBI only and not RBI...pls note dear friends...

Anonymous September 29, 2013 at 2:49 AM We really admired your works. But please tell me how can i download these files these all are protected...or otherwise make it in pdf format. Thanks

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Akshay Pawar November 29, 2013 at 1:18 AM Indu babu n Sreemadhavi Roopesh... The above information provided is true but needed to be in complete form... Imperial Bank of India was natioanlised in 1955 n rechristened as State Bank of India... But before coming of RBI into existence the controlling n supervisory power of Indian Banking System was with Imperial Bank Of India... So structurally its a predecessor of SBI but functionally its the predecessor of RBI... Reply New Bank Job Notifications Study Material for Lakshmi Vilas Bank Clerks Exam

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Reserve Bank of India (RBI) - Gr8AmbitionZ

Anonymous January 8, 2013 at 10:50 PM thanks mam Reply Current Affairs

Anonymous January 8, 2013 at 10:53 PM thanks Reply Marketing Aptitude

Anonymous January 8, 2013 at 10:57 PM thanku Reply Previous Papers List of Nationalized Banks with Websites Multiplication Tables Audio Files for Download Take a Speed Improvement Test

Anonymous February 16, 2013 at 10:31 PM thanks for giving notes abt rbi pls give more details abt ibps clerk interview my name is arun from sivkasi Reply

rekha agarwal June 12, 2013 at 1:16 PM pdf formate plzzz Reply SBI PO Study Materials RBI Assistants Study Materials NICL Assistants Study Materials

Anonymous July 12, 2013 at 9:48 PM Thanks.... Reply

Anonymous July 20, 2013 at 7:36 PM in rbi assistants material imperial bank of india is known as rbi its totally wrong please note this frends... imperial bank of india is sbi Reply

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Anonymous August 29, 2013 at 1:09 PM Thanks for giving valuable & useful information to me, i hope that u are give more updates, ONCE AGAIN " MANY THANKS " Sir/Mam. Reply
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Rohit Anuragi September 22, 2013 at 12:42 AM Thanks a lot for this information but i would like to say that present RBI Governor is not Duvvuri Subba Rao . Present Governor of Reserve Bank of India is Raghuram Rajan (4 September 2013) Please update it above mention place. Reply Banking Awareness Material for IBPS POs and Clerks Exams Quantitative Aptitude Shortcut Tricks
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Rohit Anuragi September 22, 2013 at 12:50 AM Thanks a lot for the information giving to us. It is really very useful for the nearest IBPS exam. But i would like to say one thing is to correct above mentioned that the present Governor of Reserve Bank of India is Raghuram Rajan (4 September 2013) not Duvvuri Subba Rao. I think you get my point.

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Thanks again. Reply

Reserve Bank of India (RBI) - Gr8AmbitionZ

BIMLA MISHRA September 27, 2013 at 1:50 PM please provide all these notes in pdf format that should be more beneficial.......... thanks Reply

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PRET T YCOOL October 2, 2013 at 10:25 PM Thanks for ur valuable information........ Reply

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Anonymous October 10, 2013 at 9:19 PM 29 offices of rbi............... Reply English Grammar Shortcuts SBI PO 2013 Study Materials

Anonymous November 13, 2013 at 2:24 PM thnku so much..it helps me alot!!!! Reply

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