RBI

RBI Established

on April 1, 1935
Reserve Bank of India Act, 1934
Nationalised on 1 January 1949

RBI Headquarters

1935 - Calcutta
1937 - Mumbai

The first Governor of Reserve Bank of India

Osborne Smith

RBI Four zonal offices

New Delhi for North
Chennai for South
Kolkata for East
Mumbai for West

RBI Central Board consists of

Governor
4 Deputy Governors
2 Finance Ministry representatives
4 Directors to represent local boards headquartered at Mumbai, Kolkata, Chennai, and New Delhi

The only Prime Minister who was the Governor of RBI

Manmohan Singh

The Reserve bank is referred to by the name

Mint Street

Reserve Bank Staff College

Situated in Chennai
Established on July 03, 1963

First Indian Governor of RBI

C.D. Deshmukh 1943 - 1949 - 3rd
Sanjay Malhotra is Current 2024 - 26th

The longest-serving RBI Governor

Benegal Rama Rao July 1949 to January 1957

RBI does not issue Which Currency

one rupee notes and coins, as well as subsidiary coins
This responsibility is of the Ministry of Finance

Senction Of RBI to get banking Licence

Section 22 of the Banking Regulation Act, 1949

FOREX

RBI has Control over it from 1946 when India joined IMF
FEMA 1999 Act, Gives Provision for it

Banking ombudsman scheme 1995/2006

To file complaints against bank

The Monetary Policy Committee (MPC)

Section 45ZB of the Reserve Bank of India Act, 1934
Six-member body of RBI
Sets the benchmark interest rate to keep inflation within a specified target while supporting economic growth

Quantitative/General Credit Control Of RBI

Bank Rate
Cash Reserve Ratio (CRR)
Statutory Liquidity Ratio (SLR)

Bank Rate

at which rate rbi gives finance to other banks

Cash Reserve Ratio (CRR)

Cash that banks deposit with the RBI without any floor rate or ceiling rate (rbi 2006 act)

Statutory Liquidity Ratio (SLR)

Banks Liquid assets that have to be kept in the form of cash, gold, and unencumbered approved securities equal to not more than 40% of their total demand and time deposit liabilities (ranges is 25‑40%)

Repo Rate

It is the rate, at which RBI lends short-term money to the bank against securities

Reverse Repo Rate

It is the rate, at which banks park short-term excess liquidity with the RBI

Open Market Operations (OMOs)

The RBI sells Gov-securities in the market

Quantitative credit controls

To control the volume of credit and indirectly to control the inflationary and deflationary pressures caused by expansion and contraction of credit

RBI was set up on the recommendation of

The Hilton Young Commission also called the Royal Commission in 1926

The technique used for printing ‘RESERVE BANK OF INDIA’ appearing on the face of the Indian currency notes is

Intaglio printing