LEGAL AND REGULATORY ASPECTS OF BANKING

The reserve bank of india

Jayant Kumar
MBA BFSI
INBOX

 Overview
 Main objective
 Function
Overview

 Constituted under RBI Act 1934 and come

into action on April 1, 1935 .
 It is oldest among central banks but still
younger than various global banks.
 RBI is state owned under RBI Act 1948.
 The Governer and four deputy Governers of
RBI are appointed by the union government.
OBJECTIVES

 To maintain monetary stability.

 To maintain financial stability.
 To maintain stable payment systems.
 To ensure credit allocation.
 To control overall volume of money.
Roles and function

 Monetary authority.
 Issuer of currency.
 Banker and debt manager to govt.
 Banker to banks.
 Regulator of banking system.
 Manager of foreign exchange.
 Maintaining financial stability.
 Developmental role.
THANK YOU