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Jyotis Doc: Date 28-02-2021
Jyotis Doc: Date 28-02-2021
jyotis doc
Date 28-02-2021
Time 22:06:54
The department also keeps liaison with the Agricultural Refinance and Development
Corporation, the Agricultural Finance Corporation, SCBs and LDBs.
With the establishment of the NABARD now, all functions of the Agricultural Credit
Department have been transferred to this new institution, except for the supervision and
control over the operations of the primary (urban) co-operative banks. The
responsibility of supervision and control of PCBs are now shifted to the Department of
Banking Operations and Development.
This department was established in 1982. It is basically concerned with issues like
District Credit Plans, Lead Bank Scheme, provision of expert guidance/assistance and
processing and sanction of general lines of credit for short-term advances to the
NABARD, special studies for promoting IRDP, and for framing the Reserve Bank’s policy
on rural development.
The Credit Planning and Banking Development Cell have been constituted for the
formulation and monitoring of credit policies as well as the developmental aspects of
commercial banking.
This department conducts economic research and reviews financial and banking
conditions in the country. The Economic Department comprises five units:
The Economic Department prepares the Bank’s Annual Report, the Report on Trend and
Progress of Banking in India, the Report on Currency and Finance, and the Reserve Bank
of India Bulletins. It also undertakes ad hoc studies on emerging aspects of banking
and other important issues.
Its main function involves the generation, collection, processing and compilation of
statistical data relating to the banking and financial sectors from the operational as well
as research point of view.
It carries out internal inspections of the offices and departments of the bank.
It looks after the general administration and personnel policy, such as recruitment,
training, placements, promotions, transfers, discipline, appeals, service conditions,
wage structure, etc.
It is mainly concerned with the construction of buildings for the Bank’s offices, training
institutions and staff quarters.
It attends to the secretarial work connected with the meetings of the Central Board and
its committee and of the Administrators of the RBI Employee’s Provident Fund and RBI
Employees’ Co-operative Guarantee Fund.
The Reserve Bank has set-up three prominent training institutions for imparting training
in different areas of banking.
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