BANKING AWARENESS

MODULE - 18

LET US LOOK AT SOME CENTRAL BANKS ACROSS THE WORLD !

 RESERVE BANK OF INDIA, MUMBAI, MAHARASHTRA, INDIA

BIS representative offices is in
 EUROPEAN CENTRAL BANK, FRANKFURT - GERMANY
Hong Kong & Mexico City
 FEDERAL RESERVE, WASHINGTON, D.C., U.S.
 SWEDISH CENTRAL BANK, STOCKHOLM
 SVERIGES RIKSBANK
 BANK FOR INTERNATIONAL SETTLEMENTS, BASEL, SWITZERLAND

PREAMBLE OF RESERVE BANK OF INDIA

 “To regulate the issue of bank notes and keeping of reserves with a view to secure monetary stability in India
and generally to operate the currency and credit system of the country to its advantage”

SALIENT POINTS

 As per RBI Act, 1934  Nationalized in 1949

 Established on April 1, 1935  Fully owned by Government of India
 Initial headquarters is in Calcutta  Office is on Mint Street, Mumbai
 Shifted to Mumbai in 1937  Governed by the Central Board of Directors
 Originally privately owned  19 regional offices and 8 sub-offices

CENTRAL BOARD OF DIRECTORS

OFFICIAL NON - OFFICIAL

 Governor  10 Directors from various fields
 4 Deputy Governors  4 Directors … one each from local boards
 2 Govt. officials

LEGAL FRAMEWORK

IMPORTANT ACTS OTHER ACTS

 RBI Act, 1934  Negotiable Instruments Act, 1881
 Public Debt Act, 1944 / Govt.  SBI Act, 1955
Securities Act, 2006  Companies Act, 1956 / Companies Act, 2013
 Payment and Settlement Systems  DICGC Act, 1961
Act, 2007  Banking Companies Act, 1970
 Banking Regulation Act, 1949  Banking Companies Act, 1980
 SARFAESI Act, 2002  NABARD Act, 1981
 NHB Act, 1987
 RRBs Act, 1976

© Learning Space, Vijayawada 1

 RESERVE BANK OF INDIA
The Securitisation and
Reconstruction of Financial STATE BANK OF INDIA ICICI BANK
Assets and Enforcement of
Security Interest Act, 2002

 Companies Act, 1956 RTGS, NEFT, ECS etc

 Companies Act, 2013

DICGC – Deposit Insurance And Credit Guarantee Corporation

(1961-2011) Golden Jubilee

 Central Bank of India  UCO Bank  Corporate Bank

 Punjab National Bank  Bank of Maharashtra  Andhra Bank
 Syndicate Bank  United Bank of India  Oriental Bank of Commerce
 Bank of India  Dena Bank  Vijaya Bank
 Bank of Baroda  Indian Overseas Bank  Punjab & Sind Bank
 Indian Bank  Canara Bank  New Bank of India
 Union Bank of India  Allahabad Bank
 NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT, MUMBAI
 NATIONAL HOUSING BANK, NEW DELHI
 Uttaranchal Gramin Bank  Vananchal Gramin Bank
 Karnataka Vikas Grameena Bank  Dena Gujarat Gramin Bank

MAIN FUNCTIONS

1 2 3
Monetary Authority Regulator and supervisor Manager of Foreign
of the financial system Exchange

4 5 6
Issuer of currency Banker to the Govt. and Developmental functions
Scheduled Banks

FULLY OWNED SUBSIDIARIES OF RBI

Deposit Insurance And Credit

Guarantee Corporation
BHARATIYA RESERVE BANK NATIONAL HOUSING BANK,
SHRI R GANDHI
NOTE MUDRAN (P) LTD NEW DELHI
Chairman,
Deputy Governor,
Reserve Bank of India, Mumbai

TRAINING ESTABLISHMENTS OF RBI

 COLLEGE OF AGRICULTURAL BANKING PUNE
 RESERVE BANK STAFF COLLEGE, CHENNAI
AUTONOMOUS INSTITUTIONS ESTABLISHED BY RBI
 NATIONAL INSTITUTE OF BANK MANAGEMENT (NIBM), PUNE
 INDIRA GANDHI INSTITUTE OF DEVELOPMENT RESEARCH, MUMBAI
 INSTITUTE FOR DEVELOPMENT AND RESEARCH IN BANKING TECHNOLOGY (IDRBT) - HYDERABAD

© Learning Space, Vijayawada 2