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  • Reserve Bank of India

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    Jasmandeep brar
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    The Reserve Bank of India (RBI) is India's central banking institution and monetary policy controller, established in 1935 during British rule. It was initially privately owned but was nationalized in 1949 after India gained independence. The RBI plays an important role in India's development strategy and is led by a 21-member central board, including the Governor, Deputy Governors, and directors representing the government and regional interests. It also promotes financial inclusion and is a member of the Alliance for Financial Inclusion.

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    Reserved Bank Intro

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    The Reserve Bank of India (RBI) is India's central banking institution and monetary policy controller, established in 1935 during British rule. It was initially privately owned but was nationalized in 1949 after India gained independence. The RBI plays an important role in India's development strategy and is led by a 21-member central board, including the Governor, Deputy Governors, and directors representing the government and regional interests. It also promotes financial inclusion and is a member of the Alliance for Financial Inclusion.

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    7 views1 page

    Reserve Bank of India

    Uploaded by

    Jasmandeep brar
    The Reserve Bank of India (RBI) is India's central banking institution and monetary policy controller, established in 1935 during British rule. It was initially privately owned but was nationalized in 1949 after India gained independence. The RBI plays an important role in India's development strategy and is led by a 21-member central board, including the Governor, Deputy Governors, and directors representing the government and regional interests. It also promotes financial inclusion and is a member of the Alliance for Financial Inclusion.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the

    Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934. The share capital was divided into shares of 100 each fully paid, which was entirely owned by private shareholders in the beginning. Following India's independence in 1947, the RBI was nationalised in the year 1949.

    The RBI plays an important part in the development strategy of theGovernment 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-strong Central Board of Directorsthe Governor (currently Raghuram Rajan), four Deputy Governors, two Finance Ministry representative, ten government-nominated directors to represent important elements from India's economy, and four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi. Each of these local boards consists of five members who represent regional interests, as well as the interests of cooperative and indigenous banks

    The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion (AFI).

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