Saturday, 9 June 2012


Reserve Bank of India/ Important Facts about RBI Reserve Bank of India/ Important Points about RBI Reserve Bank of India
 - Reserve Bank of India (RBI) is the Central Bank Of India.
 - There is only 1 central Bank in India.
 - Reserve Bank of India established on 1 April 1935 in accordance with provision of RBI Act 1934.
important points regarding reserve bank of india,rbi,governors of rbi - Reserve Bank of India (RBI) established on the recommendation of Hilton-Young Commission
 - Initially RBI was constructed as a Private share holders’ bank.
 - RBI is a statutory body.
 - Emblem of RBI: Panther and Palm Tree.
 - Initially the headquarter of RBI was in Calcutta but in 1937 it was permanently moved to Mumbai.
 - The Reserve Bank of India has 4 regional offices,15 branches and 5 sub-Offices.
 - RBI can issue currency notes as much as the country requires, provided it has to make a security deposit
of Rs. 200 crores, out of which Rs.115 crores must be in gold and Rs. 85 crores must be FOREX Reserves.

- The Executive head of RBI is known as Governor.
- The governor is associated by Four Deputy Governors.
- Governor tenure here is 3 years.
- Besides Governor and Deputy Governor, there is 1 Govt. Officer.
- Govt. is the chairman of the Bank.

- RBI was nationalised on 1 JAN 1949 as Govt. acquired the private share holding based on Banking Revolution Act 1949.

- RBI is the sole authority in India to issue Bank notes in India.
- RBI is a Bank of Govt. and also a Banker's Bank.
- Controller of Credit.
- Custodian of Foreign Reserve.
- Exchange rate management.
- Supervising the banking system of the country.
- Promotion of exports through Refinance.
- First Governor of RBI - Sir Obsborne Smith
- First Indian Governor of RBI -C.D. deshmukh.
- Ist women Governor of RBI -K.J.Udeshi.
- RBI is not a Commercial Bank.
- Regional offices of RBI -22.
- RBI prints currency in 15 Languages.
- RBI is a member of IMF (International Monetary Fund).

Incoming Search Terms:
reserve bank of india rbi important points
facts about rbi reserve bank of india
governor of rbi
functions of rbi reserve bank of india

Related Posts Plugin for WordPress, Blogger...

Subscribe Us By Email....It's FREE!