2. RESERVE BANK OF INDIA
Headquarters - Mumbai, Maharashtra
Established
- 1 April 1935
Governor
- Duvvuri subbarao
Currency
- Indian rupee
ISO4217 Code - INR
Reserves
- US $ 30,210 crore
Base Borrowing Rate - 8.00%
Base Deposit rate
- 6.00%

3. H STORY
I
1935-1950 – The Reserve Bank Of India was
founded on 1st April 1935 to respond to economic
troubles after the first world war. The Central
Office Of the RBI was initially established in
Calcutta (now Kolkata), but was permanently
moved to Bombay (now Mumbai) in 1937. The
RBI also acted as Burma’s Central Bank until
April 1947. After the Partition of India in 1947 ,
the Bank served as the Central Bank for Pakistan
until June 1948. the RBI has been fully owned by
the Government of India since its nationalization
in 1949

4. 1950-1960 – In the 1950s, the Indian
Government under its Prime Minister Jawaharlal
Nehru , developed a centrally planned economic
policy that focused on the agricultural sector. The
Central Bank was ordered to support the economic
plan with loans.
1960-1969 – On 7th December 1961 , RBI
initialized a monitor which deposit insurance
system . The RBI Had to pay the Central part of
control and support of his public banking sector.

5. 1969-1985 – In 1969 , the Indira Gandhiheaded government nationalized 14 major
commercial banks. In 1980, further six banks
were nationalized. The Financial sector was
reinforced by the government of India in 1970s
and 1980s. The Oil Crises in 1973 resulted in
increasing inflation.
1985-1991 – A lots of committees analysed
the Indian economy between 1985 and 1991. The
Discount and Finance House of India began its
operations on the monetary market in April 1988,
the National Housing Bank founded in July 1988,
was forced to invest in the property market

6. 1991-2000 –New guidelines were published in
1993 to establish a private banking sector. The
National Stock Exchange of India took the trade on in
June 1994 . The Central bank founded a subsidiary
company the Bharatiya reserve bank Note Mud ran
Limited- in February 1955 to produce banknotes.
Since 2000 – The Foreign Exchange
Management Act from 1999 came into force in June
2000. RBI allowed Online Banking in 2001 and
established a new payment system in 200405(National Electronic Fund Transfer). The national
economy’s growth rate came down to 5.8% in the last
quarter of 2008-09.

7. STRUCTURE
Central Board Of Directors
Governors
Supportive Bodies
Offices and Branches

8. MAIN FUNCTIONS
Bankers Of Issue
Monetary Authority
Regulator and Supervisor Of Financial
System
Issuer Of Currency
Bankers Of Bank

9. DETECTION OF FAKE
CURRENCY
 Development Role
 Related Functions

10. POLICY RATES,RESERVE RATIO
LENDING AND DEPOSITES RATES AS
OF 17TH SEPTEMBER 2012
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Bank Rate - 9.00%
Repo Rate - 8.00%
Reverse Repo Rate – 7.00%
Cash Reserve Ratio – 4.25%
Statutory Liquidity Ratio – 23.0%
Base Rate - 9.75%-10.50%
Reserve Bank Rate – 4%
Deposit Rate – 8.50%-9.25%

12. WHAT’S NEW
Second quarter Review Of Monetary
Policy 2012-13 Press Statement by Dr. D.
Subbarao, Governor, RBI
Marksheet For the Recruitment for the
Post Of Officers in grade B(General)- for
which Phase II written was held on April
28 and 29 2012

13. COMING SOON
 Recruitment for the post of Manager in
Gr. B Technical (civil) and Manager in Gr.
B Electrical . List of candidates admitted
for written examination was to be held on
November 11, 2012