Reserve Bank of India

Ways and Means Advances

RBI works as a banker to the State Governments by agreement. But there is no fixed minimum reserve balance for the State Governments. All state Governments are required to maintain a minimum reserve balance with RBI, but it depends upon the size of the economy of the state and its budget. However, there are times, when there […]

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Role of RBI as Banker & Debt Manager to the Government

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 Bank of India Act 1934, the Central Government entrusts the Reserve Bank with all its money, remittance, exchange and banking transactions in India and the management of […]

How Currency is Issued in India?

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 paper notes were issued by the private banks such as Bank of Hindustan and the presidency banks during late 18th century. In those times, there were Government […]

Board for Financial Supervision

The Board of Financial Supervision (BFS) was constituted in November 1994 as a committee of the Central Board of Directors. Its objective is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies. The RBI carries out its functions related to financial supervision under the guidance of BFS. It […]

Structure of RBI

The Reserve Bank of India is wholly owned by the Government of India. The structure of RBI is as follows: Central Board of Directors At the apex is the Central Board of Directors, which is made of official directors and Non-official directors. Official Directors The Governor and Deputy Governor of RBI are its full time […]

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