jyoti 
  Date  28-02-2021

  Time  22:10:03

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.

10. Rural Planning and Credit Department:

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.

11. Department of Non-Banking Companies:

This department administers and controls as well as regulates deposits of non-banking

financial companies.

12. Credit Planning Cell:

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.

It chalks out macro-level monetary budgets of the country.

13. Department of Economic Analysis and Policy:

This department conducts economic research and reviews financial and banking
conditions in the country. The Economic Department comprises five units:

(i) the Internal Finance Unit;

(ii) International Finance Unit;
(iii) Prices, Production and General Unit;
(iv) Analysis of National Economic Parameters Unit; and
(v) General Unit.

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.

14. Department of Statistical Analysis and Computer Services:

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.

15. Legal Department:

It tenders legal advice on various matters referred to it by the Bank.

16. Inspection Department:

It carries out internal inspections of the offices and departments of the bank.

17. Department of Administration and Personnel:

It looks after the general administration and personnel policy, such as recruitment,
training, placements, promotions, transfers, discipline, appeals, service conditions,
wage structure, etc.

18. Premises Department:

It is mainly concerned with the construction of buildings for the Bank’s offices, training
institutions and staff quarters.

19. Management Services Department:

It is basically concerned with organisational analysis, systems research and

development, work procedure studies and codification, manpower planning, costing
studies, etc.

20. Reserve Bank of India Service Board:

Its functions involve conducting of examinations/interviews for the selection and

promotion of staff in the Reserve Bank.

21. Central Records and Documentation Centre:

It is meant for the preservation of non-current records of the Bank. It provides

arrangement for the scientific preservation of records, retrieval service to the enquirer
departments, tools of reference such as catalogues, indices, etc.

22. Secretary’s Department:

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.

23. Training Establishments:

The Reserve Bank has set-up three prominent training institutions for imparting training
 in different areas of banking.

(i) the Banker’s Training College, Bombay

(ii) the College of Agricultural Banking, Pune
(iii) the Reserve Bank Staff College, Madras

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