RBI - Reserve Bank of
India
Bankers Bank
> Hilton Young Commission
submitted its report in the year - 1926
> RBI Act passed in - 1934
> RBI established on 1st April
1935
> Initially RBI was constructed
as a Private Share holders bank with fully paid up capital of 50000000/- rupees
> RBI was nationalized in the
year of 1st January 1949
> RBI is a statutory body
> RBI is the sole authority in
India to issue bank notes in India
> RBI an issue currency notes as
much as the country requires, provided it has t make a security deposit of 200
crores.Out of which 115 crores must be in gold and 85 crores must be FOREX
Reserves
>> Emblem of RBI - Panther and
Palm Tree
> Initially the headquarter of
RBI was i Calcutta but i 1937 it was permanently moved to Mumbai, Maharashtra
> The RBI has 19 regional
offices, most of them in state capitals and 9 sub offices
> The Executive head of RBI is
Governor
> The governor is
associated by four Deputy Governors
> The bank also two
training colleges for its officers
-
Reserve Bank staff college at Chennai
-
College of Agriculture Banking at Pune
> RBI is a member bank of
Asian Clearing Union
> Chintama Dwarkanth Deshumk was
the governor of RBI at the time of nationalization of RBI in 1949
> C D Deshmukh, the governor of
RBI, represented India at the Bretton Woods negotiations in 1944
> 1st women Deputy Governor of
RBI - K J Udeshi
> RBI is not a commercial Bank
> RBI Prints currency in 15
Languages
> RBI is a member of
IMF(International Monetary Fund)
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