Reserve bank of india

The central bank of the country is the Reserve Bank of ndia (RB). t was established in April 1935 with a
share capital of Rs. 5 crores on the basis of the recommendations of the Hilton Young Commission. The
share capital was divided into shares of Rs. 100 each fully paid which was entirely owned by private
shareholders in the begining. The Government held shares of nominal value of Rs. 2,20,000.

Reserve Bank of ndia was nationalised in the year 1949. The general superintendence and direction of the
Bank is entrusted to Central Board of Directors of 20 members, the Governor and four Deputy Governors,
one Government official from the Ministry of Finance, ten nominated Directors by the Government to give
representation to important elements in the economic life of the country, and four nominated Directors by
the Central Government to represent the four local Boards with the headquarters at Mumbai, Kolkata,
Chennai and New Delhi. Local Boards consist of five members each Central Government appointed for a
term of four years to represent territorial and economic interests and the interests of co-operative and
indigenous banks.

The Reserve Bank of ndia Act, 1934 was commenced on April 1, 1935. The Act, 1934 ( of 1934) provides
the statutory basis of the functioning of the Bank.

The Bank was constituted for the need of following:
O To regulate the issue of banknotes
O To maintain reserves with a view to securing monetary stability and
O To operate the credit and currency system of the country to its advantage.

:nctions of Reserve Bank of India


RESERVE BANK OF NDA ADDRESS
Reserve Bank of ndia,
Central Office,
Shaheed Bhagat Singh Road,
Mumbai - 400 00

.
Establ i shment
The Reser ve Bank of ndi a was est abl i shed on Apr i l 1, 1935 i n accor danc e wi t h t he
pr ovi si ons of t he Reser ve Bank of Indi a Act, 1934.
The Cent r al Of f i ce of t he Reser ve Bank was i ni t i al l y est abl i shed i n Cal cut t a but was
per manent l y moved t o Mumbai i n 1937. The Cent r al Of f i ce i s wher e t he Gover nor si t s
and wher e pol i c i es ar e f or mul at ed.
Though or i gi nal l y pr i vat el y owned, si nce nat i onal i sat i on i n 1949, t he Reser ve Bank i s
f ul l y owned by t he Gover nment of ndi a.
#9eambl e
The Pr eambl e of t he Reser ve Bank of ndi a descr i bes t he basi c f unct i ons of t he
Reser ve Bank as:
t o reg: at e t he i ss:e of Bank Not es and keepi ng of reserves wi t h a vi ew t o
sec:ri ng monet ary st abi i t y i n I ndi a and genera y t o operat e t he c:rrency and
credi t syst em of t he co:nt ry t o i t s advant age
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ent9al Boa91
The Reser ve Bank' ' s af f ai r s ar e gover ned by a cent r al boar d of di r ect or s. The boar d i s
appoi nt ed by t he Gover nment of ndi a i n k eepi ng wi t h t he Reser ve Bank of ndi a Act .
O Appoi nt ed/ nomi nat ed f or a per i od of f our year s
O Const i t ut i on:
4 " i ci al Di 9ecto9 s
Ful l -t i me : Gover nor and not mor e t han f our Deput y Gover nor s
4 !on" i ci al Di 9ecto9s
Nomi nat ed by Gover nment : t en Di r ect or s f r om var i ous f i el ds and
one gover nment Of f i ci al
Ot her s: f our Di r ect or s - one each f r om f our l ocal boar ds
Funct i ons : Gener al super i nt endence and di r ect i on of t he Bank' ' s af f ai r s
$R%RY''$ D!R%N%
Names and addresses of the Directors of the entra Board of the Reserve Bank of India
1. Dr. D. Subbarao
Governor
Reserve Bank of ndia
Central Office
Mumbai 400 001.
@9. Shri H. P. Ranina
Advocate, Supreme Court of ndia,
506, Raheja Centre,
214 Backbay Reclamation,
Free Press Journal Road,
Mumbai - 400 023
2. Dr. K.C. Chakrabarty
Deputy Governor
Reserve Bank of ndia
Central Office
Mumbai 400 001.
@10. Shri Azim Premji
Chairman,
WPRO Limited
Doddakannelli,
Sarjapur Road,
Bangalore 560033
3. Dr. Subir Gokarn
Deputy Governor
Reserve Bank of ndia
Central Office
Mumbai 400 001.
@11. Shri Kumar Mangalam Birla
Chairman,
Aditya Birla Group of Companies
Aditya Birla Centre,
S. K. Ahire Marg, Worli
Mumbai 400 030
4. Shri Anand Sinha
Deputy Governor
Reserve Bank of ndia
Central Office
Mumbai 400 001
@12. Shri Suresh Neotia
B-32, Greater Kailash Part -
New Delhi 110 048
5. Shri H.R.Khan
Deputy Governor
Reserve Bank of ndia
Central Office
Mumbai 400 001
@13. Dr. A. Vaidyanathan
B-1, Sonali Apartment, Old No. 11
Beach Road, Kalakshetra Colony
Chennai 600 090
*6. Shri Y.H. Malegam
Chartered Accountant
C/o S. B. Billimoria & Company
Meher Chambers (2nd floor)
R. Kamani Road, Ballard Estate
Mumbai 400 001
@14. Prof. Man Mohan Sharma
2/3 Jaswant Baug (Runwal Park),
Behind Akbarallys, Chembur Naka
Mumbai 400 071
*7. Prof. U. R. Rao
Chairman, Physical Research Laboratory
Department of Space,
Government of ndia
Antariksh Bhavan, New BEL Road
Bangalore 560 094
@15. Shri Sanjay Labroo
Managing Director & CEO
Asahi ndia Glass Ltd.
Global Business Park
Tower - B, 5th Floor'
Mehrauli - Gurgaon Road
Gurgaon - 122002 (Haryana)
*8. Shri Lakshmi Chand
AS (Retd.),
C-12, Sector 14
NODA, Gautham Budh Nagar
Uttar Pradesh
#16. Shri R. Gopalan
Secretary
Department of Economic Affairs
Government of ndia
Ministry of Finance
New Delhi 110001
* Di r ect or s nomi nat ed under Sect 8 ( 1) ( b) of t he RB Act , 1934.
@ Di r ect or s nomi nat ed under Sect 8 ( 1) ( c) of t he RB Act , 1934.
# Di r ect or nomi nat ed under Sect 8 ( 1) ( d) of t he RB Act , 1934.
Dat ed August 08, 2011

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ocal Boa9 1s
O One each f or t he f our r egi ons of t he count r y i n Mumbai , Cal cut t a, Chennai and
New Del hi
O Member shi p:
O consi st of f i ve member s each
O appoi nt ed by t he Cent r al Gover nment
O f or a t er m of f our year s
Funct i ons : To advi se t he Cent r al Boar d on l ocal mat t er s and t o r epr esent t er r i t or i al
and economi c i nt er est s of l oc al cooper at i ve and i ndi genous banks; t o per f or m such
ot her f unct i ons as del egat ed by Cent r al Boar d f r om t i me t o t i me.
Names and ddresses of the embers of %he Loca Boards of %he Reserve Bank of India
W$%RN R $%RN R
1. Shri Y.H. Malegam
Chartered Accountant
c/o S.B.Billimoria & Company
Meher Chambers (2nd floor)
R. Kamani Road, Ballard Estate
Mumbai 400 001
1. Shri A. K. Saikia, Retd. AS
H-8, Sector - 27
Noida - 201 301
2. Shri K. Venkatesan
113, F-Block
Anna Nagar East
Chennai 600 040.
2. Shri Sovan Kanungo, Retd. AS
17/404, East End Apartments
Mayur Vihar ( Extension )
New Delhi -110096
3. Shri Dattaraj V. Salgaocar
Managing Director
V. M. Salgaocar & Bro. Ltd.
Hira Bihar, Airport Road, Chicalim
Vasco Da Gama, Goa - 403 711
3.
4. Shri Jayantilal B. Patel
Chairman
Sahakari Khand Udyog Mandal Ltd.
At & Post, Gandevi Sugar Factory
Taluka Gandevi, District Navsari, Via Billimora
Gujarat
PN-396 360

Mumbai : Dated June 27, 2011

NOR%RN R $OU%RN R
1. Prof. U. R. Rao
Chairman,
Physical Research Laboratory,
Department of Space,
Antariksh Bhawan, New BEL Road
Bangalore 560094
1. Shri Lakshmi Chand
Retd. AS, C-12,
Sector 14, Noida,
U. P. 201301
2. Dr. Ram Nath
Ex-Professor & Vice Chancellor
CSA University of Agri. & Tech.
Plot No. 710, 'A' Block, Avas Vikas Colony,
Hanspur, Naubasta, Kanpur - 208 001
2. Shri C. P. Nair
Retd. Chief Secretaray to Government of Kerala
Narayaneeyam, Jawahar Nagar
Thiruvananthapuram - 695 041
3. Dr. Pritam Singh
Director, Management Development nstitute
Mehrauli Road, Sukhrali
Gurgaon - 122 001
3. Dr. M. Govinda Rao
Director
National nstitute of Public Finance and Policy
18/2, Satsang Vihar Marg
Special nstitutional Area (Near JNU)
New Delhi 110 067
4. Shri Kamal Kishore Gupta
Chartered Accountant
Kamal & Co.
1372, Kashmere Gate
Delhi 110006
4. Smt. Devaki Jain,
Tharangavana, D-5, 12th Cross,
RMV Extension,
Bangalore 560080
5. Shri Mihir Kumar Moitra
H-205, Wembley Estate
Rosewood City
Sector-49-50
Gurgaon-122001

Mumbai : Dated November 3, 2010

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inancial Supe9ision
The Reser ve Bank of ndi a per f orms t hi s f unct i on under t he gui dance of t he Boar d f or
Fi nanci al Super vi si on ( BFS). The Board was const i t ut ed i n November 1994 as a
commi t t ee of t he Cent r al Boar d of Di r ect or s of t he Reser ve Bank of ndi a.
"bj ecti e
Pr i mar y obj ect i ve of BFS i s t o under t ake consol i dat ed super vi s i on of t he f i nanc i al
sect or compr i si ng commer ci al bank s, f i nanci al i nst i t ut i ons and non- bank i ng f i nanc e
compani es.
onsti tuti on
The Boar d i s const i t ut ed by co-opt i ng f our Di r ect or s f r om t he Cent r al Boar d as
member s f or a t er m of t wo year s and i s chai r ed by t he Governor . The Deput y
Gover nor s of t he Reser ve Bank ar e ex- of f i ci o member s. One Deput y Gover nor ,
usual l y, t he Deput y Gover nor i n char ge of bank i ng r egul at i on and super vi si on, i s
nomi nat ed as t he Vi c e- Chai r man of t he Board.
BS meeti ngs
The Boar d i s r equi r ed t o meet nor mal l y onc e ever y mont h. t consi der s i nspect i on
r epor t s and ot her super vi sor y i ssues pl aced bef or e i t by t he super vi sor y depar t ment s.
BFS t hr ough t he Audi t Sub- Commi t t ee al so ai ms at upgr adi ng t he qual i t y of t he
st at ut or y audi t and i nt er nal audi t f unct i ons i n banks and f i nanc i al i nst i t ut i ons. The
audi t sub- commi t t ee i ncl udes Deput y Gover nor as t he chai r man and t wo Di r ect or s of
t he Cent r al Boar d as member s.
The BFS over sees t he f unct i oni ng of Depar t ment of Bank i ng Super vi s i on ( DBS) ,
Depar t ment of Non- Banki ng Super vi si on ( DNBS) and Fi nanc i al nst i t ut i ons Di vi si on
( F D) and gi ves di r ect i ons on t he r egul at or y and super vi sor y i ssues.
uncti ons
Some of t he i ni t i at i ves t ak en by BFS i ncl ude:
i . r est r uct ur i ng of t he syst em of bank i nspect i ons
i i . i nt r oduct i on of of f - si t e sur vei l l ance,
i i i . st r engt heni ng of t he r ol e of st at ut or y audi t or s and
i v. st r engt heni ng of t he i nt er nal def ences of super vi sed i nst i t ut i ons.
The Audi t Sub- commi t t ee of BFS has r evi ewed t he curr ent syst em of concur r ent audi t ,
nor ms of empanel ment and appoi nt ment of st at ut or y audi t or s, t he qual i t y and
cover age of st at ut or y audi t r epor t s, and t he i mpor t ant i ssue of gr eat er t r anspar ency
and di sc l osur e i n t he publ i shed account s of super vi sed i nst i t ut i ons.
u99ent ocus
O super vi si on of f i nanci al i nst i t ut i ons
O consol i dat ed account i ng
O l egal i ssues i n bank f r auds
O di ver gence i n assessment s of non- per f or mi ng asset s and
O super vi sor y r at i ng model f or banks.
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%egul ati on an1 Supe9i si on o #ayment systems
The Payment and Set t l ement Syst ems Act 2007(PSS Act 2007) empower s t he Reser ve
Bank of ndi a t o r egul at e and super vi se t he payment syst ems i n t he count r y. The Act
st at es t hat t hese power s wi l l be exer ci sed by t he Boar d f or Regul at i on and
Super vi si on of Payment and Set t l ement Syst ems ( BPSS) const i t ut ed by i t f or t he
pur pose. The BPSS wi l l be a Commi t t ee of t he Reser ve Bank of ndi a' s Cent r al Boar d.
"bj ecti e an1 uncti ons
The f unct i ons of t he BPSS wi l l be t o l ay down pol i ci es f or r egul at i on and super vi si on
of t he payment syst ems i n t he count r y, l ayi ng down st andards f or exi st i ng and f ut ur e
payment syst ems, aut hor i sat i on of payment syst ems, det er mi nat i on of t he cr i t er i a f or
member shi p of payment syst ems i nc l udi ng cont i nuat i on, t ermi nat i on and r ej ect i on of
member shi p, over seei ng t he admi ni st r at i on of r egul at i ons and gui del i nes f r amed under
t he PSS Act 2007, i ssui ng di r ect i ons t o payment syst em oper at or s, cal l i ng f or
r et ur ns/ i nf ormat i on, et c.
onsti tuti on
The BPSS consi st s of t he Gover nor of t he RB as Chai r per son, Deput y Gover nor s as
Member s out of whom t he Deput y Gover nor who i s i n char ge of t he Depar t ment of
Payment and Set t l ement Syst ems wi l l be t he Vi ce Chai r per son and t hr ee Di r ect or s of
Reser ve Bank of ndi a Cent r al Board wi l l be member s.
Two Execut i ve Di r ect or s of Reser ve Bank of ndi a and i t s pr i nc i pal Legal Advi ser wi l l
be per manent i nvi t ees t o t he meet i ngs. Per sons wi t h exper i enc e i n t he f i el d of
payment and set t l ement syst ems may be i nvi t ed t o t he meet i ngs of t he BPSS ei t her as
per manent or ad- hoc i nvi t ees.
BPSS i s assi st ed by t he Depar t ment of Payment and Set t l ement Syst ems.
u99ent ocus
1. Aut hor i sat i on/ r ef usal of aut hor i sat i on of / t o payment syst ems.
2. To l ay down pol i c i es f or encour agi ng t he movement f r om paper - based payment
syst ems t o el ect r oni c modes of payment s.
3. Set t i ng up of t he r egul at or y f r amewor k of newer payment met hods.
4. Enhancement of cust omer conveni ence i n payment syst ems.
5. mpr ovi ng secur i t y and ef f i c i ency i n paper - based and el ect r oni c modes of
payment .
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egal 9amewo9 2
mb9el l a Act s
O Reserve Bank of India Act, 1934: gover ns t he Reser ve Bank f unct i ons
O Banki ng Regul at i on Act , 1949: gover ns t he f i nanc i al sect or
Acts goe9ni ng speci i c uncti ons
O Publ i c Debt Act , 1944/ Gover nment Secur i t i es Act ( Pr oposed) : Gover ns
gover nment debt mar ket
O Secur i t i es Cont r act ( Regul at i on) Act , 1956: Regul at es gover nment secur i t i es
mar k et
O ndi an Coi nage Act , 1906: Gover ns cur r ency and coi ns
O For ei gn Exchange Regul at i on Act , 1973/ For ei gn Exchange Management Act ,
1999: Gover ns t r ade and f or ei gn exchange mar k et
O Payment and Set t l ement Syst ems Act 2007: Regul at i on and super vi si on of t he
payment syst ems.
Acts goe9ni ng Ban2i ng "pe9ati ons
O Compani es Act , 1956: Gover ns banks as compani es
O Banki ng Compani es ( Acqui si t i on and Tr ansf er of Under t aki ngs) Act , 1970/ 1980:
Rel at es t o nat i onal i sat i on of bank s
O Banker s' ' Books Evi dence Act
O Banki ng Secr ecy Act
O Negot i abl e nst r ument s Act , 1881
Acts goe9ni ng !n1i i 1ual !nsti tuti ons
O St at e Bank of ndi a Act , 1954
O The ndust r i al Devel opment Bank ( Tr ansf er of Under t ak i ng and Repeal ) Act ,
2003
O The ndust r i al Fi nance Cor por at i on ( Tr ansf er of Under t aki ng and Repeal ) Act ,
1993
O Nat i onal Bank f or Agr i cul t ur e and Rur al Devel opment Act
O Nat i onal Housi ng Bank Act
O Deposi t nsur ance and Cr edi t Guar ant ee Cor por at i on Act
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ai n uncti ons
The Reserve Bank of ndia Act of 1934 entrust all the important functions of a central bank to the Reserve
Bank of ndia.

Bank of Iss:e

Under Section 22 of the Reserve Bank of ndia Act, the Bank has the sole right to issue bank notes of all
denominations. The distribution of one rupee notes and coins and small coins all over the country is
undertaken by the Reserve Bank as agent of the Government. The Reserve Bank has a separate ssue
Department which is entrusted with the issue of currency notes. The assets and liabilities of the ssue
Department are kept separate from those of the Banking Department. Originally, the assets of the ssue
Department were to consist of not less than two-fifths of gold coin, gold bullion or sterling securities provided
the amount of gold was not less than Rs. 40 crores in value. The remaining three-fifths of the assets might be
held in rupee coins, Government of ndia rupee securities, eligible bills of exchange and promissory notes
payable in ndia. Due to the exigencies of the Second World War and the post-was period, these provisions
were considerably modified. Since 1957, the Reserve Bank of ndia is required to maintain gold and foreign
exchange reserves of Ra. 200 crores, of which at least Rs. 115 crores should be in gold. The system as it
exists today is known as the minimum reserve system.
Banker to Government

The second important function of the Reserve Bank of ndia is to act as Government banker, agent and
adviser. The Reserve Bank is agent of Central Government and of all State Governments in ndia excepting
that of Jammu and Kashmir. The Reserve Bank has the obligation to transact Government business, via. to
keep the cash balances as deposits free of interest, to receive and to make payments on behalf of the
Government and to carry out their exchange remittances and other banking operations. The Reserve Bank of
ndia helps the Government - both the Union and the States to float new loans and to manage public debt. The
Bank makes ways and means advances to the Governments for 90 days. t makes loans and advances to the
States and local authorities. t acts as adviser to the Government on all monetary and banking matters.

Bankers' Bank and Lender of the Last Resort

The Reserve Bank of ndia acts as the bankers' bank. According to the provisions of the Banking Companies
Act of 1949, every scheduled bank was required to maintain with the Reserve Bank a cash balance equivalent
to 5% of its demand liabilites and 2 per cent of its time liabilities in ndia. By an amendment of 1962, the
distinction between demand and time liabilities was abolished and banks have been asked to keep cash
reserves equal to 3 per cent of their aggregate deposit liabilities. The minimum cash requirements can be
changed by the Reserve Bank of ndia.

The scheduled banks can borrow from the Reserve Bank of ndia on the basis of eligible securities or get
financial accommodation in times of need or stringency by rediscounting bills of exchange. Since commercial
banks can always expect the Reserve Bank of ndia to come to their help in times of banking crisis the
Reserve Bank becomes not only the banker's bank but also the lender of the last resort.

ontroer of redit

The Reserve Bank of ndia is the controller of credit i.e. it has the power to influence the volume of credit
created by banks in ndia. t can do so through changing the Bank rate or through open market operations.
According to the Banking Regulation Act of 1949, the Reserve Bank of ndia can ask any particular bank or the
whole banking system not to lend to particular groups or persons on the basis of certain types of securities.
Since 1956, selective controls of credit are increasingly being used by the Reserve Bank.

The Reserve Bank of ndia is armed with many more powers to control the ndian money market. Every bank
has to get a licence from the Reserve Bank of ndia to do banking business within ndia, the licence can be
cancelled by the Reserve Bank of certain stipulated conditions are not fulfilled. Every bank will have to get the
permission of the Reserve Bank before it can open a new branch. Each scheduled bank must send a weekly
return to the Reserve Bank showing, in detail, its assets and liabilities. This power of the Bank to call for
information is also intended to give it effective control of the credit system. The Reserve Bank has also the
power to inspect the accounts of any commercial bank.

As supereme banking authority in the country, the Reserve Bank of ndia, therefore, has the following powers:
(a) t holds the cash reserves of all the scheduled banks.

(b) t controls the credit operations of banks through quantitative and qualitative controls.

(c) t controls the banking system through the system of licensing, inspection and calling for information.

(d) t acts as the lender of the last resort by providing rediscount facilities to scheduled banks.

:stodian of oreign Reserves

The Reserve Bank of ndia has the responsibility to maintain the official rate of exchange. According to the
Reserve Bank of ndia Act of 1934, the Bank was required to buy and sell at fixed rates any amount of sterling
in lots of not less than Rs. 10,000. The rate of exchange fixed was Re. 1 = sh. 6d. Since 1935 the Bank was
able to maintain the exchange rate fixed at lsh.6d. though there were periods of extreme pressure in favour of
or against

the rupee. After ndia became a member of the nternational Monetary Fund in 1946, the Reserve Bank has
the responsibility of maintaining fixed exchange rates with all other member countries of the .M.F.

Besides maintaining the rate of exchange of the rupee, the Reserve Bank has to act as the custodian of ndia's
reserve of international currencies. The vast sterling balances were acquired and managed by the Bank.
Further, the RB has the responsibility of administering the exchange controls of the country.

$:pervisory f:nctions

n addition to its traditional central banking functions, the Reserve bank has certain non-monetary functions of
the nature of supervision of banks and promotion of sound banking in ndia. The Reserve Bank Act, 1934, and
the Banking Regulation Act, 1949 have given the RB wide powers of supervision and control over commercial
and co-operative banks, relating to licensing and establishments, branch expansion, liquidity of their assets,
management and methods of working, amalgamation, reconstruction, and liquidation. The RB is authorised to
carry out periodical inspections of the banks and to call for returns and necessary information from them. The
nationalisation of 14 major ndian scheduled banks in July 1969 has imposed new responsibilities on the RB
for directing the growth of banking and credit policies towards more rapid development of the economy and
realisation of certain desired social objectives. The supervisory functions of the RB have helped a great deal
in improving the standard of banking in ndia to develop on sound lines and to improve the methods of their
operation.

!romotiona f:nctions

With economic growth assuming a new urgency since ndependence, the range of the Reserve Bank's
functions has steadily widened. The Bank now performs a varietyof developmental and promotional functions,
which, at one time, were regarded as outside the normal scope of central banking. The Reserve Bank was
asked to promote banking habit, extend banking facilities to rural and semi-urban areas, and establish and
promote new specialised financing agencies. Accordingly, the Reserve Bank has helped in the setting up of
the FC and the SFC; it set up the Deposit nsurance Corporation in 1962, the Unit Trust of ndia in 1964, the
ndustrial Development Bank of ndia also in 1964, the Agricultural Refinance Corporation of ndia in 1963 and
the ndustrial Reconstruction Corporation of ndia in 1972. These institutions were set up directly or indirectly
by the Reserve Bank to promote saving habit and to mobilise savings, and to provide industrial finance as well
as agricultural finance. As far back as 1935, the Reserve Bank of ndia set up the Agricultural Credit
Department to provide agricultural credit. But only since 1951 the Bank's role in this field has become
extremely important. The Bank has developed the co-operative credit movement to encourage saving, to
eliminate moneylenders from the villages and to route its short term credit to agriculture. The RB has set up
the Agricultural Refinance and Development Corporation to provide long-term finance to farmers.

assification of RBIs f:nctions

The monetary functions also known as the central banking functions of the RB are related to control and
regulation of money and credit, i.e., issue of currency, control of bank credit, control of foreign exchange
operations, banker to the Government and to the money market. Monetary functions of the RB are significant
as they control and regulate the volume of money and credit in the country.

Equally important, however, are the non-monetary functions of the RB in the context of ndia's economic
backwardness. The supervisory function of the RB may be regarded as a non-monetary function (though
many consider this a monetary function). The promotion of sound banking in ndia is an important goal of the
RB, the RB has been given wide and drastic powers, under the Banking Regulation Act of 1949 - these
powers relate to licencing of banks, branch expansion, liquidity of their assets, management and methods of
working, inspection, amalgamation, reconstruction and liquidation. Under the RB's supervision and inspection,
the working of banks has greatly improved. Commercial banks have developed into financially and
operationally sound and viable units. The RB's powers of supervision have now been extended to non-
banking financial intermediaries. Since independence, particularly after its nationalisation 1949, the RB has
followed the promotional functions vigorously and has been responsible for strong financial support to
industrial and agricultural development in the country.


" i ces
O Has 4 r egi onal of f i c es , 15 br anches and 5 sub- of f i ces.
'9ai ni ng Est abl i shments
Has si x t9 ai ni ng est abl i shments
O Thr ee, namel y, Col l ege of Agr i cul t ur al Banki ng, Banker s Tr ai ni ng Col l ege and
Reser ve Bank of ndi a St af f Col l ege ar e par t of t he Reser ve Bank
O Ot her s ar e aut onomous, such as, Nat i onal nst i t ut e f or Bank Management ,
ndi r a Gandhi nst i t ut e f or Devel opment Resear ch ( G DR) , nst i t ut e f or
Devel opment and Resear ch i n Banki ng Technol ogy ( DRBT)
For det ai l s on t r ai ni ng est abl i shment s, pl ease check t hei r websi t es l i nks whi ch ar e
avai l abl e i n t her Li nks.
Subsi 1i a9i es
Ful l y owned: Nat i onal Housi ng Bank( NHB) , Deposi t nsur ance and Cr edi t Guar ant ee
Cor por at i on of ndi a( D CGC) , Bhar at i ya Reser ve Bank Not e Mudr an Pr i vat e
Li mi t ed( BRBNMPL)
Maj or i t y st ak e: Nat i onal Bank f or Agr i cul t ur e and Rur al Devel opment ( NABARD) .






ORGANISATION STRUCTURE