The Reserve Bank of India (RBI), as the central bank of the country, performs several crucial functions to ensure monetary stability and the smooth functioning of the financial...
Ways and Means Advances (WMA) refer to the temporary credit facility provided by the Reserve Bank of India (RBI) to both the Central and State Governments to meet...
In 1935, Reserve Bank of India, on its inception became the Banker and Debt Manager to the Government and this is a very important function. As per the Reserve...
The Minimum Reserve System (MRS) is a monetary framework used by central banks, particularly in India, to issue currency notes while maintaining a minimum reserve of assets such...
The Proportional Reserve System (PRS) is a monetary framework that requires a fixed proportion of a country’s total currency in circulation to be backed by specified reserves, typically...
In India, the paper currency was first issued during British East India Company rule. The first paper currency issued in India was the Re. 1 note. The first...
NABARD is the apex DFI dedicated to building rural and agricultural prosperity. Established on 12 July 1982 under the NABARD Act 1981, it was created by transferring the...
The Reserve Bank established BRBNMPL in February 1995 as a wholly-owned subsidiary to augment the production of bank notes in India and to enable bridging of the gap...
The National Housing Bank (NHB) is the apex institution for housing finance in India. It was established on 9 July 1988 under the National Housing Bank Act, 1987...
The Deposit Insurance and Credit Guarantee Corporation (DICGC) is an institution established in India to protect the interests of depositors and to promote confidence and stability in the...
Currently (September 2016), Dr. Urjit Patel is the Governor of RBI. The four Deputy Governors of RBI are Mr. Shri Harun Rashid Khan, Shri Urjit Patel, Shri R. Gandhi and Shri...
