1. RESERVE BANK OF INDIABYPRAVITASHARAN KUMARSIDDHARTHAPGDM1

2. INTRODUCTION Imperial Bank of India (1921) Established on April 1,1935 Nationalised in 1949, Sir Osborne Smithwas the first Governor of the Reserve Bank Chintaman Dwarkanath Deshmukh was thefirst Indian Governor of the Bank (1943-1949) 3. INTERESTING FACTS Manmohan Singh is the only PrimeMinister who also was a Governor ofRBI(1982-1985) Current Governor is Raghuram Rajan(2013)(one of the youngest Governor) RBI prints currency in 15 Languages Financial Year 1st July to 30th June 4. FUNCTIONS OF RBI Primary Functions Ordinary Banking Functions Miscellaneous Functions Promotional and DevelopmentalFunctions 5. PRIMARY FUNCTIONS Note Issue Banker to the Government Bankers Bank Custodian of Exchange Reserve Controller of Credit 6. Continued It can open an account in the World Bankor in some foreign central bank It buys and sells gold and silver. 7. ORDINARY BANKING FUNCTIONS Accepts Deposits Buying, Selling and Rediscounting of the Bills ofExchange It grants loans and advances to the centralGovernment Buying and Selling of Government Securities 8. Miscellaneous Functions Banker's training college Collection and publication of statistical information 9. PROMOTIONAL AND DEVELOPMENTFUNCTIONS Expansion of Commercial Banks in rural areas Develop Banking habits of people Mobilising of Savings in the Country Promotion of Industrialisation 10. OBJECTIVES Regulating the issue of Currency in India Foreign Exchange Reserves Establish Monetary stability Developing Financial Structure 11. RATES AND RATIOSPOLICY RATECRR 4.00SLR 22.0Repo Rate 8.00Reverse Repo Rate 7.00Bank Rate 9.00 12. LATEST NEWS Aadhaar Sole platform for Financial Transactions Vigilance on Banking Sector to Prevent Frauds Income Tax Dues can be paid at RBI Offices,29 banks Definition of Deposits for Financial Entities 13. ANY QUESTIONS? 14. THANK YOU