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RBI bank

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    RESERVE BANK OF INDIA

    Headquarters - Mumbai, MaharashtraEstablished - 1 April 1935

    Governor - Duvvuri subbarao

    Currency - Indian rupee

    ISO4217 Code - INR

    Reserves - US $ 30,210 croreBase Borrowing Rate - 8.00%

    Base Deposit rate - 6.00%

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    ISTORY1935-1950The Reserve Bank Of India wasfounded on 1stApril 1935 to respond to economic

    troubles after the first world war. The CentralOffice Of the RBI was initially established inCalcutta (now Kolkata), but was permanentlymoved to Bombay (now Mumbai) in 1937. TheRBI also acted as Burmas Central Bank untilApril 1947. After the Partition of India in 1947 ,the Bank served as the Central Bank for Pakistan

    until June 1948. the RBI has been fully owned bythe Government of India since its nationalizationin 1949

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    1960-1969 On 7thDecember 1961 , RBI

    initialized a monitor which deposit insurancesystem . The RBI Had to pay the Central part ofcontrol and support of his public banking sector.

    1950-1960In the 1950s, the IndianGovernment under its Prime Minister JawaharlalNehru , developed a centrally planned economicpolicy that focused on the agricultural sector. TheCentral Bank was ordered to support the economicplan with loans.

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    1969-1985In 1969 , the Indira Gandhi-headed government nationalized 14 major

    commercial banks. In 1980, further six bankswere nationalized. The Financial sector wasreinforced by the government of India in 1970sand 1980s. The Oil Crises in 1973 resulted inincreasing inflation.

    1985-1991A lots of committees analysed

    the Indian economy between 1985 and 1991. TheDiscount and Finance House of India began itsoperations on the monetary market in April 1988,the National Housing Bank founded in July 1988,

    was forced to invest in the property market

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    STRUCTURE

    Central Board Of Directors

    Governors

    Supportive Bodies

    Offices and Branches

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    MAIN FUNCTIONS

    Bankers Of Issue

    Monetary Authority

    Regulator and Supervisor Of FinancialSystem

    Issuer Of Currency

    Bankers Of Bank

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    DETECTION OF FAKE

    CURRENCY

    Development Role

    Related Functions

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    POLICY RATES,RESERVE RATIO

    LENDING AND DEPOSITES RATES AS

    OF 17

    TH

    SEPTEMBER 2012 Bank Rate - 9.00%

    Repo Rate - 8.00%

    Reverse Repo Rate 7.00% Cash Reserve Ratio 4.25%

    Statutory Liquidity Ratio 23.0%

    Base Rate - 9.75%-10.50% Reserve Bank Rate 4%

    Deposit Rate 8.50%-9.25%

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    WHATS NEWSecond quarter Review Of Monetary

    Policy 2012-13 Press Statement by Dr. D.

    Subbarao, Governor, RBIMarksheet For the Recruitment for the

    Post Of Officers in grade B(General)- for

    which Phase II written was held on April28 and 29 2012

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    COMING SOON

    Recruitment for the post of Manager inGr. B Technical (civil) and Manager in Gr.B Electrical . List of candidates admitted

    for written examination was to be held onNovember 11, 2012

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